WINTON GROUP Ltd Acquires Shares of 109,468 Equinox Gold Corp. $EQX

Key Points

• WINTON GROUP Ltd opened a new position in Equinox Gold (NYSEAMERICAN:EQX) in Q3, buying 109,468 shares worth about $1.23 million, while other institutions such as Ruffer LLP significantly increased holdings, signaling growing institutional interest.
• Analyst consensus on EQX is "Buy" (two Strong Buy, five Buy, one Hold) with an average target price of $17.00.
• Key stock metrics: market cap ~$12.65 billion, P/E ~66.9, 52-week range $5.59–$18.96, and a quarterly dividend of $0.015 (annualized $0.06, ~0.4% yield).

WINTON GROUP Ltd bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 109,468 shares of the company's stock, valued at approximately $1,228,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ruffer LLP grew its holdings in shares of Equinox Gold by 15.4% in the 3rd quarter. Ruffer LLP now owns 8,651,889 shares of the company's stock worth $96,992,000 after acquiring an additional 1,152,288 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Equinox Gold in the 3rd quarter valued at about $6,991,000. Maple Rock Capital Partners Inc. increased its holdings in 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 valued at $82,398,000 after acquiring an additional 7,229,260 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Equinox Gold by 70.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company's stock valued at $10,550,000 after acquiring an additional 390,000 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in Equinox Gold during the third quarter worth about $1,111,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $16.05 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24. The company has a market cap of $12.65 billion, a P/E ratio of 66.88 and a beta of 1.20. Equinox Gold Corp. has a fifty-two week low of $5.59 and a fifty-two week high of $18.96. The firm's 50 day moving average is $15.77 and its two-hundred day moving average is $13.23.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, March 12th.

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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