214,015 Shares in Equinox Gold Corp. $EQX Acquired by Quattro Financial Advisors LLC

Key Points

• Quattro Financial Advisors acquired 214,015 shares of Equinox Gold during the third quarter, valued at approximately $2.38 million. Institutional investors collectively own 38.85% of the company.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a target price of $14.00; seven of eight analysts rate the stock Strong Buy or Buy.
• Equinox Gold’s quarterly revenue increased 60.8% year over year to $769.8 million, although earnings slightly missed estimates. The company also raised its quarterly dividend to $0.0225 per share, or $0.09 annualized.

Quattro Financial Advisors LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 214,015 shares of the company's stock, valued at approximately $2,378,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQX. Deutsche Bank AG bought a new stake in Equinox Gold in the second quarter worth approximately $82,981,000. The Manufacturers Life Insurance Company bought a new position in shares of Equinox Gold during the 2nd quarter valued at $40,220,000. Legal & General Group Plc bought a new position in shares of Equinox Gold during the 2nd quarter valued at $39,385,000. Man Group plc bought a new position in shares of Equinox Gold during the 2nd quarter valued at $31,528,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Equinox Gold in the 2nd quarter valued at $24,802,000. Institutional investors own 38.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Securities reiterated a "buy" rating on shares of Equinox Gold in a report on Thursday, September 17th. Scotiabank restated an "outperform" rating on shares of Equinox Gold in a report on Friday, August 7th. Zacks Research lowered Equinox Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their price target on Equinox Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $14.00.

Equinox Gold Stock Up 8.0%

Shares of Equinox Gold stock opened at $11.11 on Friday. Equinox Gold Corp. has a 12-month low of $8.48 and a 12-month high of $18.96. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $12.03 and a two-hundred day moving average price of $11.93. The stock has a market capitalization of $12.97 billion, a P/E ratio of 11.11 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Equinox Gold had a net margin of 26.30% and a return on equity of 10.91%. The firm had revenue of $769.80 million during the quarter, compared to the consensus estimate of $775.79 million. During the same period in the prior year, the business earned $0.11 EPS. The company's revenue for the quarter was up 60.8% compared to the same quarter last year. Equities analysts expect that Equinox Gold Corp. will post 1.09 earnings per share for the current year.

Equinox Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 19th. This is a boost from Equinox Gold's previous quarterly dividend of $0.0150. Equinox Gold's dividend payout ratio (DPR) is 16.67%.

Equinox Gold Company Profile

Equinox Gold Corp. is a mining company focused on the exploration, development and operation of gold properties in the Americas. The company produces gold doré and related gold products from its operating mines and advances a portfolio of development and exploration projects intended to support long-term production.

Equinox Gold's portfolio has included the Mesquite and Castle Mountain properties in California, the Greenstone Mine in Ontario, and the Aurizona, Fazenda and Santa Luz mines in Brazil, as well as the Los Filos complex in Mexico.

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