3,625,134 Shares in Equinox Gold Corp. $EQX Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,625,134 shares of the company’s stock, valued at approximately $40,600,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.46% of Equinox Gold as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Equinox Gold by 91.3% in the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock worth $1,077,394,000 after acquiring an additional 45,820,861 shares during the last quarter. L1 Capital Pty Ltd raised its stake in Equinox Gold by 120.4% during the 2nd quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock valued at $137,476,000 after purchasing an additional 13,060,846 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Equinox Gold by 44,440.1% in the 2nd quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock valued at $59,850,000 after purchasing an additional 10,341,217 shares during the period. Maple Rock Capital Partners Inc. grew its position in Equinox Gold by 102.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after purchasing an additional 7,229,260 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. increased its holdings in shares of Equinox Gold by 717.8% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock worth $39,564,000 after purchasing an additional 3,094,966 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EQX shares. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Stifel Nicolaus started coverage on Equinox Gold in a research report on Tuesday, December 2nd. They issued a “buy” rating for the company. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research 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. Based on data from MarketBeat, Equinox Gold currently has a consensus rating of “Buy” and an average target price of $17.00.

Equinox Gold Trading Down 0.8%

Shares of EQX opened at $15.92 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 66.33 and a beta of 1.20. The stock has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $13.25. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $18.96.

Equinox Gold Announces Dividend

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

About Equinox Gold

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.