Equinox Gold Corp. $EQX Shares Bought by Quadrature Capital Ltd

Key Points

• Quadrature Capital Ltd increased its stake in Equinox Gold by 625.5% in Q3, acquiring an additional 1,610,651 shares to hold 1,868,151 shares worth about $20.95 million (roughly 0.24% of the company).
• Other large institutions ramped up positions—VanEck now owns 96.02 million shares (~$1.08 billion) and Vanguard holds 27.46 million shares (~$307.7 million), leaving institutional ownership at 38.85%. Analysts maintain a consensus Buy rating on EQX with a $17.00 target price.

Quadrature Capital Ltd increased its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 625.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,868,151 shares of the company's stock after buying an additional 1,610,651 shares during the period. Quadrature Capital Ltd owned about 0.24% of Equinox Gold worth $20,954,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EQX. Van ECK Associates Corp raised its stake in Equinox Gold by 91.3% during the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company's stock worth $1,077,394,000 after acquiring an additional 45,820,861 shares during the period. Vanguard Group Inc. boosted its stake in Equinox Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company's stock valued at $307,659,000 after acquiring an additional 822,981 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Equinox Gold by 11.1% during the second quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company's stock valued at $152,419,000 after purchasing an additional 2,643,856 shares during the last quarter. L1 Capital Pty Ltd raised its position in shares of Equinox Gold by 120.4% during the 2nd quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company's stock worth $137,476,000 after purchasing an additional 13,060,846 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its position in shares of Equinox Gold by 102.1% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company's stock worth $82,398,000 after purchasing an additional 7,229,260 shares during the period. Institutional investors own 38.85% of the company's stock.

Analyst Ratings Changes

EQX has been the topic of several recent research reports. Scotiabank reissued an "outperform" rating on shares of Equinox Gold in a report on Monday, January 26th. BMO Capital Markets restated an "outperform" rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Stifel Nicolaus initiated coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a "buy" rating on the stock. Finally, Zacks Research raised shares of Equinox Gold from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $17.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $15.92 on Friday. The firm's 50 day moving average is $15.80 and its two-hundred day moving average is $13.25. The firm has a market capitalization of $12.55 billion, a P/E ratio of 66.33 and a beta of 1.20. 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 52 week low of $5.59 and a 52 week high of $18.96.

Equinox Gold Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.4%.

Equinox Gold Company 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.

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