Korea Investment CORP bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 187,214 shares of the company’s stock, valued at approximately $1,824,000.
Other large investors have also made changes to their positions in the company. Mcguire Capital Advisors Inc. acquired a new position in Equinox Gold during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in shares of Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after acquiring an additional 982 shares during the last quarter. Quarry LP lifted its stake in shares of Equinox Gold by 329.9% in the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after purchasing an additional 2,098 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Equinox Gold in the 4th quarter valued at $39,000. Finally, Purpose Unlimited Inc. bought a new position in shares of Equinox Gold in the 4th quarter worth $42,000. Institutional investors and hedge funds own 38.85% of the company’s stock.
Equinox Gold Stock Performance
EQX stock opened at $13.76 on Tuesday. Equinox Gold Corp. has a 1-year low of $8.06 and a 1-year high of $18.96. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The firm has a market cap of $16.06 billion, a PE ratio of 13.76 and a beta of 1.27. The business’s 50-day moving average price is $10.26 and its two-hundred day moving average price is $12.87.
Equinox Gold Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.0225 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. Equinox Gold’s payout ratio is presently 16.67%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on EQX shares. The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. Zacks Research cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada decreased their target price on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $13.00.
Get Our Latest Research Report on Equinox Gold
Equinox Gold Company 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.
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