Jupiter Asset Management Ltd. Takes Position in Equinox Gold Corp. $EQX

Jupiter Asset Management Ltd. purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 114,878 shares of the company’s stock, valued at approximately $1,287,000.

Several other institutional investors have also bought and sold shares of the company. Smithfield Trust Co bought a new stake in shares of Equinox Gold in the third quarter valued at $43,000. American Capital Advisory LLC bought a new position in shares of Equinox Gold during the 2nd quarter worth $25,000. SBI Securities Co. Ltd. increased its holdings in Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after acquiring an additional 4,479 shares during the last quarter. Kercheville Advisors LLC bought a new stake in Equinox Gold in the 3rd quarter valued at about $112,000. Finally, KW Wealth Management LLC purchased a new stake in Equinox Gold during the third quarter valued at about $114,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EQX shares. Scotiabank reiterated 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 report on Tuesday, January 27th. Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Equinox Gold has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Equinox Gold Stock Performance

Equinox Gold stock opened at $16.81 on Friday. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $17.65. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $13.21 billion, a PE ratio of 70.04 and a beta of 1.24. The firm’s 50 day simple moving average is $14.94 and its 200 day simple moving average is $12.31.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, March 12th.

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.