Vanguard Group Inc. Raises Stock Position in Equinox Gold Corp. $EQX

Key Points

• Vanguard Group raised its Equinox Gold stake by 11.8% in Q4, buying 3,250,135 shares to own 30,714,751 shares (3.91%) valued at about $431.7 million.
• Analysts have an average rating of "Buy" on EQX with an average price target of $17.00; the consensus breakdown is 2 Strong Buy, 5 Buy and 1 Hold.
• Equinox recently opened at $13.60, has a market cap of $10.73 billion and a P/E of 56.67, a 52-week range of $5.61–$18.96, and pays an annual dividend of $0.06 (yield ~0.4%).

Vanguard Group Inc. grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,714,751 shares of the company's stock after purchasing an additional 3,250,135 shares during the quarter. Vanguard Group Inc. owned 3.91% of Equinox Gold worth $431,665,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently issued reports on EQX shares. Zacks Research cut shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Scotiabank reissued an "outperform" rating on shares of Equinox Gold in a report on Monday, January 26th. BMO Capital Markets reissued an "outperform" rating on shares of Equinox Gold in a research note 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 note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $17.00.

Equinox Gold Trading Down 1.9%

NYSEAMERICAN:EQX opened at $13.60 on Wednesday. Equinox Gold Corp. has a 1-year low of $5.61 and a 1-year high of $18.96. The stock has a fifty day simple moving average of $15.03 and a 200 day simple moving average of $14.23. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 56.67 and a beta of 1.21. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24.

Equinox Gold Dividend Announcement

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