Massachusetts Financial Services Co. MA Makes New $30.38 Million Investment in Equinox Gold Corp. $EQX

Massachusetts Financial Services Co. MA acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,163,476 shares of the company’s stock, valued at approximately $30,375,000.

Several other hedge funds have also recently bought and sold shares of EQX. Aventura Private Wealth LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Equinox Gold in the fourth quarter valued at $37,000. Smithfield Trust Co acquired a new stake in shares of Equinox Gold in the third quarter valued at $43,000. Finally, Wexford Capital LP acquired a new stake in shares of Equinox Gold in the third quarter valued at $49,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of EQX stock opened at $15.09 on Thursday. The stock has a 50-day moving average price of $15.33 and a 200 day moving average price of $13.98. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 62.88 and a beta of 1.33. Equinox Gold Corp. has a 12 month low of $5.61 and a 12 month high of $18.96.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is presently 11.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EQX shares. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Equinox Gold has an average rating of “Buy” and a consensus 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.