WINTON GROUP Ltd Has $6.20 Million Stake in Equinox Gold Corp. $EQX

WINTON GROUP Ltd grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 45.4% during the second quarter, HoldingsChannel.com reports. The firm owned 637,500 shares of the company’s stock after buying an additional 199,050 shares during the quarter. WINTON GROUP Ltd’s holdings in Equinox Gold were worth $6,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EQX. Royal Bank of Canada raised its position in Equinox Gold by 232.7% in the 1st quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock valued at $3,843,000 after buying an additional 390,690 shares during the last quarter. Millennium Management LLC bought a new position in shares of Equinox Gold during the 1st quarter worth approximately $6,883,000. Goldman Sachs Group Inc. grew its stake in shares of Equinox Gold by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock worth $12,812,000 after acquiring an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Equinox Gold by 164.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock worth $5,367,000 after acquiring an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Equinox Gold by 77.5% in the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company’s stock valued at $2,067,000 after purchasing an additional 155,460 shares during the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQX. Royal Bank Of Canada reduced their target price on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Finally, Scotiabank restated an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $13.00.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $12.20 on Friday. The stock has a market capitalization of $14.24 billion, a PE ratio of 12.20 and a beta of 1.32. Equinox Gold Corp. has a 1-year low of $8.48 and a 1-year high of $18.96. The firm has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $12.63. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $769.80 million for the quarter, compared to the consensus estimate of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The business’s revenue was up 60.8% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, research analysts expect that Equinox Gold Corp. will post 1.1 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.0225 dividend. This is an increase from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 annualized dividend and a yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is 16.67%.

Equinox Gold Company Profile

Equinox Gold Corp. is a mining company focused on the acquisition, development and operation of gold properties in the Americas. The company produces gold doré and related byproducts from its portfolio of open-pit and underground mining operations, while also advancing development and expansion projects intended to increase production.

Equinox Gold’s assets have included operations in the United States, Mexico and Brazil, as well as the Greenstone mine in Ontario, Canada. Its portfolio has included the Mesquite and Castle Mountain properties in California; the Los Filos complex in Guerrero, Mexico; and the Aurizona, Fazenda and Santa Luz mines in Brazil.