TT International Asset Management LTD Buys Shares of 1,719,905 Equinox Gold Corp. $EQX

Key Points

• TT International Asset Management bought 1,719,905 shares of Equinox Gold in Q4 (about $24.06 million), making EQX ~5.1% of its portfolio and its 7th largest holding; TT International now owns roughly 0.22% of the company.
• Equinox Gold has a market capitalization of about $11.9 billion, a P/E of 62.8 and a 52‑week range of $5.61–$18.96, and it pays a quarterly dividend of $0.015 (annualized $0.06, ~0.4% yield; DPR 11.11%).
• Analyst sentiment is largely positive, with three "Strong Buy" and five "Buy" ratings and a consensus target price of $17.00.

TT International Asset Management LTD bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,719,905 shares of the company's stock, valued at approximately $24,061,000. Equinox Gold accounts for approximately 5.1% of TT International Asset Management LTD's investment portfolio, making the stock its 7th largest holding. TT International Asset Management LTD owned 0.22% of Equinox Gold as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new position in Equinox Gold during the 4th quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $37,000. Smithfield Trust Co acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at approximately $43,000. Finally, Wexford Capital LP acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at approximately $49,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of EQX stock opened at $15.08 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 company has a market capitalization of $11.90 billion, a P/E ratio of 62.83 and a beta of 1.33. The company's 50 day moving average price is $15.30 and its two-hundred day moving average price is $13.88. Equinox Gold Corp. has a 52 week low of $5.61 and a 52 week high of $18.96.

Equinox Gold Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold's dividend payout ratio (DPR) is 11.11%.

Analysts Set New Price Targets

EQX has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Scotiabank reiterated an "outperform" rating on shares of Equinox Gold in a research report on Monday, January 26th. Finally, Zacks Research raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $17.00.

Equinox Gold 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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