2,163,476 Shares in Equinox Gold Corp. $EQX Bought by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. bought a new position of 2,163,476 shares in Equinox Gold in Q4, valued at about $30.4 million and representing roughly 0.28% ownership at the period end.
• Equinox Gold has a market cap of about $11.91 billion, a P/E near 62.9, a 52-week range of $5.61–$18.96, and pays a quarterly dividend of $0.015 (annualized $0.06, ~0.4% yield).
• Analyst sentiment is positive, with an average rating of "Buy", an average target price of $17.00, and several recent upgrades to strong-buy/outperform.

Massachusetts Financial Services Co. MA bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,163,476 shares of the company's stock, valued at approximately $30,375,000. Massachusetts Financial Services Co. MA owned 0.28% of Equinox Gold at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC bought a new position in Equinox Gold in the fourth quarter worth $151,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its position in Equinox Gold by 37.2% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 155,600 shares of the company's stock worth $2,212,000 after purchasing an additional 42,200 shares during the period. Rathbones Group PLC lifted its position in Equinox Gold by 9.2% in the fourth quarter. Rathbones Group PLC now owns 79,231 shares of the company's stock worth $1,115,000 after purchasing an additional 6,705 shares during the period. Louisbourg Investments Inc. bought a new position in Equinox Gold in the fourth quarter worth $4,864,000. Finally, Lodestone Wealth Management LLC bought a new position in Equinox Gold in the fourth quarter worth $28,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Equinox Gold stock opened at $15.09 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The stock has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $13.98. Equinox Gold Corp. has a 52-week low of $5.61 and a 52-week high of $18.96. The firm has a market capitalization of $11.91 billion, a P/E ratio of 62.88 and a beta of 1.33.

Equinox Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold's dividend payout ratio is currently 11.11%.

Analyst Ratings Changes

Several research analysts recently commented on EQX shares. Scotiabank reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Zacks Research raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 24th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Equinox Gold currently has an average rating of "Buy" and an average target price 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.

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