8,537,176 Shares in Equinox Gold Corp. $EQX Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,537,176 shares of the company's stock, valued at approximately $82,981,000. Deutsche Bank AG owned approximately 1.08% of Equinox Gold as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQX. Mcguire Capital Advisors Inc. bought a new stake in shares of Equinox Gold during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company's stock worth $29,000 after purchasing an additional 982 shares during the last quarter. Quarry LP raised its holdings in Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company's stock worth $38,000 after purchasing an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Equinox Gold during the 4th quarter valued at about $39,000. Finally, Purpose Unlimited Inc. bought a new position in shares of Equinox Gold in the 4th quarter valued at about $42,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Trading Up 1.7%

Shares of NYSEAMERICAN EQX opened at $12.88 on Friday. The company's fifty day moving average is $10.15 and its 200-day moving average is $12.89. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 12.88 and a beta of 1.27. Equinox Gold Corp. has a twelve month low of $7.61 and a twelve 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.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $769.80 million for the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The business's quarterly revenue was up 60.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Equities research analysts predict that Equinox Gold Corp. will post 1.12 EPS for the current year.

Equinox Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0225 per share. This is an increase from Equinox Gold's previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinox Gold's payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EQX shares. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Equinox Gold in a report on Thursday, July 16th. The Goldman Sachs Group upgraded shares of Equinox Gold from a "buy" rating to a "buy" rating in a research report on Monday, June 8th. Scotiabank restated an "outperform" rating on shares of Equinox Gold in a research report on Friday, August 7th. Royal Bank Of Canada dropped their price objective on Equinox Gold from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Finally, Zacks Research lowered Equinox Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $13.00.

Equinox Gold Company 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.

Want to see what other hedge funds are holding EQX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source