Jupiter Topco LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 662,677 shares of the company’s stock, valued at approximately $6,450,000. Jupiter Topco LLC owned about 0.06% of Equinox Gold at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new position in shares of Equinox Gold in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after acquiring an additional 982 shares during the last quarter. Quarry LP increased its position in shares of Equinox Gold by 329.9% during the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after purchasing an additional 2,098 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Equinox Gold during the fourth quarter worth approximately $39,000. Finally, Purpose Unlimited Inc. acquired a new position in Equinox Gold in the 4th quarter valued at $42,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.
Equinox Gold Price Performance
EQX stock opened at $12.99 on Monday. Equinox Gold Corp. has a 1 year low of $8.24 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a market capitalization of $15.17 billion, a PE ratio of 12.99 and a beta of 1.27. The business has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $12.84.
Equinox Gold Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.0225 per share. 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%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada dropped 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. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Finally, Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.00.
View Our Latest Analysis on EQX
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.
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