Quantbot Technologies LP Sells 227,724 Shares of Equinox Gold Corp. $EQX

Quantbot Technologies LP lowered its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 26.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 629,808 shares of the company’s stock after selling 227,724 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Equinox Gold worth $7,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gemsstock Ltd. raised its position in shares of Equinox Gold by 2.2% in the third quarter. Gemsstock Ltd. now owns 5,442,905 shares of the company’s stock valued at $61,069,000 after buying an additional 118,428 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in Equinox Gold during the third quarter worth approximately $1,111,000. Optiver Holding B.V. acquired a new stake in Equinox Gold during the third quarter worth approximately $1,506,000. TD Asset Management Inc increased its stake in Equinox Gold by 66.2% during the 3rd quarter. TD Asset Management Inc now owns 4,464,817 shares of the company’s stock worth $50,026,000 after acquiring an additional 1,779,148 shares during the period. Finally, Waratah Capital Advisors Ltd. raised its holdings in Equinox Gold by 717.8% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock valued at $39,564,000 after acquiring an additional 3,094,966 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 2.0%

Shares of NYSEAMERICAN EQX opened at $18.76 on Friday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 78.17 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. Equinox Gold Corp. has a 12 month low of $5.59 and a 12 month high of $18.96. The stock has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $12.72.

Equinox Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Finally, Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.