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

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

A number of other hedge funds have also recently made changes to their positions in EQX. American Capital Advisory LLC acquired a new position in shares of Equinox Gold in the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its holdings in Equinox Gold by 2,054.6% during 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. Smithfield Trust Co bought a new stake in Equinox Gold during the 3rd quarter worth approximately $43,000. Blueshift Asset Management LLC bought a new position in shares of Equinox Gold during the second quarter valued at $74,000. Finally, VestGen Advisors LLC bought a new position in shares of Equinox Gold during the second quarter valued at $92,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of EQX opened at $18.76 on Friday. The firm has a market cap of $14.79 billion, a PE ratio of 78.17 and a beta of 1.24. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $18.96. The business’s 50 day moving average price is $15.38 and its two-hundred day moving average price is $12.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56.

Equinox Gold Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, March 12th.

Wall Street Analysts Forecast Growth

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