Montrusco Bolton Investments Inc. Takes Position in Equinox Gold Corp. $EQX

Key Points

• Montrusco Bolton Investments acquired a new stake of 159,274 shares in Equinox Gold (EQX) during Q4, valued at about $2.24 million, and institutional ownership of the stock stands at 38.85%.
• EQX trades around $14.33 with a market capitalization of $11.31 billion, a P/E of about 59.7, and a 52‑week range of $5.61 to $18.96, reflecting notable price volatility.
• The company pays a small quarterly dividend ($0.015; annualized $0.06, yield ~0.4%) and has an analyst consensus of Buy with a $17.00 consensus price target (2 Strong Buy, 5 Buy, 1 Hold).

Montrusco Bolton Investments Inc. acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 159,274 shares of the company's stock, valued at approximately $2,241,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new position in shares of Equinox Gold in the 4th quarter valued at about $28,000. Aventura Private Wealth LLC bought a new stake in Equinox Gold in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB bought a new stake in Equinox Gold in the 4th quarter valued at about $37,000. WealthCollab LLC increased its position in Equinox Gold by 352.8% in the 4th quarter. WealthCollab LLC now owns 3,337 shares of the company's stock valued at $47,000 after buying an additional 2,600 shares in the last quarter. Finally, Smithfield Trust Co bought a new stake in Equinox Gold in the 3rd quarter valued at about $43,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of EQX opened at $14.33 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. The stock has a 50 day moving average price of $15.25 and a two-hundred day moving average price of $14.14. The firm has a market capitalization of $11.31 billion, a P/E ratio of 59.71 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $5.61 and a 52 week high of $18.96.

Equinox Gold Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on EQX shares. Scotiabank reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Monday, January 26th. Zacks Research lowered Equinox Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Equinox Gold currently has an average rating of "Buy" and a consensus price target of $17.00.

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.

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