Ruffer LLP Buys 1,173,460 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Ruffer LLP increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 194.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,776,730 shares of the company's stock after purchasing an additional 1,173,460 shares during the quarter. Ruffer LLP owned approximately 0.39% of Equinox Gold worth $12,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Equinox Gold by 8.3% in the 4th quarter. LPL Financial LLC now owns 430,722 shares of the company's stock worth $2,162,000 after purchasing an additional 32,952 shares in the last quarter. Vanguard Group Inc. increased its stake in Equinox Gold by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock valued at $69,626,000 after acquiring an additional 236,455 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Equinox Gold by 11.3% in the fourth quarter. JPMorgan Chase & Co. now owns 224,179 shares of the company's stock valued at $1,125,000 after buying an additional 22,693 shares in the last quarter. Norges Bank acquired a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $5,304,000. Finally, Pictet Asset Management Holding SA grew its position in Equinox Gold by 3.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock worth $308,000 after acquiring an additional 1,956 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQX. CIBC reissued a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 16th. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, BMO Capital Markets assumed coverage on shares of Equinox Gold in a report on Wednesday, June 18th. They set an "outperform" rating on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Equinox Gold Stock Down 1.0%

Equinox Gold stock traded down $0.07 during trading hours on Thursday, hitting $6.51. 7,948,103 shares of the stock traded hands, compared to its average volume of 11,960,916. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.45. The firm's 50-day moving average price is $6.30 and its two-hundred day moving average price is $6.32. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.94 billion, a PE ratio of 12.99 and a beta of 1.10.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.19). The firm had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The company's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. On average, research analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current year.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.