Navellier & Associates Inc. Invests $1.62 Million in Equinox Gold Corp. $EQX

Key Points

• Navellier & Associates opened a new Q4 position in Equinox Gold of 115,638 shares valued at about $1.62 million, and 38.85% of the stock is currently held by institutional investors.
• Analyst sentiment is positive with a consensus "Buy" rating and a $17.00 consensus target (2 Strong Buy, 5 Buy, 1 Hold).
• Equinox Gold trades with a market cap of about $10.73 billion (P/E 56.67) and a 52-week range of $5.61–$18.96, and it pays a quarterly dividend of $0.015 ($0.06 annual, ~0.4% yield).

Navellier & Associates Inc. acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 115,638 shares of the company's stock, valued at approximately $1,624,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold during the fourth quarter worth $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Equinox Gold during the fourth quarter worth $28,000. Public Employees Retirement System of Ohio raised its position in Equinox Gold by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 233,610 shares of the company's stock worth $2,625,000 after buying an additional 2,313 shares during the last quarter. WealthCollab LLC raised its position in Equinox Gold by 352.8% during the 4th quarter. WealthCollab LLC now owns 3,337 shares of the company's stock worth $47,000 after buying an additional 2,600 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in Equinox Gold during the 4th quarter worth approximately $37,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQX has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Zacks Research lowered shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Equinox Gold in a report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $17.00.

Equinox Gold Trading Down 1.9%

Shares of Equinox Gold stock opened at $13.60 on Wednesday. The firm has a 50-day simple moving average of $15.03 and a two-hundred day simple moving average of $14.23. The company has a market cap of $10.73 billion, a P/E ratio of 56.67 and a beta of 1.21. Equinox Gold Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56.

Equinox Gold Announces Dividend

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

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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