200,000 Shares in Equinox Gold Corp. $EQX Acquired by U S Global Investors Inc.

U S Global Investors Inc. purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $2,808,000.

A number of other institutional investors and hedge funds have also modified their holdings of EQX. Aventura Private Wealth LLC bought a new stake in shares of Equinox Gold during the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC bought a new stake in Equinox Gold in the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB bought a new stake in Equinox Gold in the fourth quarter valued at approximately $37,000. Smithfield Trust Co bought a new stake in Equinox Gold in the third quarter valued at approximately $43,000. Finally, WealthCollab LLC increased its stake in Equinox Gold by 352.8% in the fourth quarter. WealthCollab LLC now owns 3,337 shares of the company’s stock valued at $47,000 after purchasing an additional 2,600 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $17.00.

Equinox Gold Stock Down 2.5%

Shares of EQX stock opened at $14.08 on Friday. The firm has a fifty day moving average of $15.28 and a 200-day moving average of $14.11. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24. Equinox Gold Corp. has a 12-month low of $5.61 and a 12-month high of $18.96. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 58.67 and a beta of 1.33.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $0.015 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.4%. Equinox Gold’s dividend payout ratio is presently 11.11%.

Equinox Gold 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.