PKO Investment Management Joint Stock Co Boosts Stake in Equinox Gold Corp. $EQX

Key Points

• PKO Investment Management JSC boosted its stake in Equinox Gold by 41.3% in Q4, adding 100,000 shares to hold 342,387 shares worth about $4.82 million per its SEC filing.
• Other large investors are active—Vanguard holds 27.46 million shares and hedge funds/institutional investors own about 38.85% of the company—indicating notable institutional interest.
• Analysts have an average rating of Buy with a $17.00 consensus target (shares opened at $13.98), implying roughly a 21% upside; the company has a $11.03 billion market cap and a 0.4% dividend yield.

PKO Investment Management Joint Stock Co increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 41.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,387 shares of the company's stock after acquiring an additional 100,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Equinox Gold were worth $4,821,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ruffer LLP lifted its stake in Equinox Gold by 15.4% in the third quarter. Ruffer LLP now owns 8,651,889 shares of the company's stock valued at $96,992,000 after buying an additional 1,152,288 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Equinox Gold during the 3rd quarter worth about $6,991,000. Allspring Global Investments Holdings LLC increased its stake in shares of Equinox Gold by 70.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company's stock valued at $10,550,000 after acquiring an additional 390,000 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at approximately $1,111,000. Finally, Vanguard Group Inc. raised its position in shares of Equinox Gold by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company's stock valued at $307,659,000 after acquiring an additional 822,981 shares during the period. Hedge funds and other institutional investors own 38.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Scotiabank reiterated an "outperform" rating on shares of Equinox Gold in a report on Monday, January 26th. Zacks Research cut shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Equinox Gold in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $17.00.

Equinox Gold Trading Up 0.1%

Shares of NYSEAMERICAN:EQX opened at $13.98 on Friday. The company's 50-day moving average price is $15.09 and its two-hundred day moving average price is $14.21. Equinox Gold Corp. has a one year low of $5.61 and a one year high of $18.96. 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 market capitalization of $11.03 billion, a PE ratio of 58.25 and a beta of 1.21.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.06 annualized dividend and a 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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