Waratah Capital Advisors Ltd. Acquires 3,094,966 Shares of Equinox Gold Corp. $EQX

Waratah Capital Advisors Ltd. boosted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 717.8% in the third quarter, Holdings Channel reports. The institutional investor owned 3,526,159 shares of the company’s stock after acquiring an additional 3,094,966 shares during the quarter. Equinox Gold accounts for approximately 0.7% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 11th biggest holding. Waratah Capital Advisors Ltd.’s holdings in Equinox Gold were worth $39,564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ruffer LLP boosted its holdings in shares of Equinox Gold by 15.4% in the third 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 purchased a new stake in Equinox Gold during the 3rd quarter worth about $6,991,000. Maple Rock Capital Partners Inc. lifted 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 worth $82,398,000 after purchasing an additional 7,229,260 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Equinox Gold by 70.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock worth $10,550,000 after purchasing an additional 390,000 shares during the period. Finally, All Terrain Financial Advisors LLC purchased a new position in Equinox Gold during the 2nd quarter valued at about $498,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Up 3.9%

Shares of EQX opened at $18.54 on Wednesday. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.89. The company has a market capitalization of $14.57 billion, a P/E ratio of 77.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The firm’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $12.52.

Equinox Gold Announces Dividend

The business 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 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 of this dividend is Thursday, March 12th.

Wall Street Analyst Weigh In

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

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.