U S Global Investors Inc. Takes $2.81 Million Position in Equinox Gold Corp. $EQX

Key Points

• U S Global Investors bought a new position of 200,000 shares in Equinox Gold Corp. valued at approximately $2.81 million in the fourth quarter.
• Several large institutions — including RBC, Goldman Sachs, UBS, Millennium and Geode — also increased stakes, leaving institutional and hedge-fund ownership at about 38.85%.
• EQX recently traded around $14.08 with a market cap of ~$11.11B, pays a quarterly dividend of $0.015 (annualized $0.06, ~0.4% yield), and carries a Wall Street average rating of "Buy" with a $17 target.

U S Global Investors Inc. bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 200,000 shares of the company's stock, valued at approximately $2,808,000.

Several other institutional investors have also made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Equinox Gold by 232.7% in the 1st quarter. Royal Bank of Canada now owns 558,605 shares of the company's stock valued at $3,843,000 after purchasing an additional 390,690 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Equinox Gold in the 1st quarter valued at $6,883,000. Goldman Sachs Group Inc. boosted its stake in shares of Equinox Gold by 35.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company's stock valued at $12,812,000 after purchasing an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Equinox Gold by 164.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company's stock valued at $5,367,000 after purchasing an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Equinox Gold by 77.5% in the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company's stock valued at $2,067,000 after buying an additional 155,460 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of EQX stock opened at $14.08 on Friday. Equinox Gold Corp. has a 1 year low of $5.61 and a 1 year high of $18.96. The firm's 50 day moving average is $15.28 and its 200-day moving average is $14.11. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 58.67 and a beta of 1.33. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24.

Equinox Gold Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on EQX shares. 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. Zacks Research lowered shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Scotiabank restated an "outperform" rating on shares of Equinox Gold in a research report on Monday, January 26th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Two equities research 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 presently has an average rating of "Buy" and an average target price of $17.00.

About Equinox Gold

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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