Equinox Gold Corp. $EQX Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 30,714,751 shares of the company’s stock after acquiring an additional 3,250,135 shares during the period. Vanguard Group Inc.’s holdings in Equinox Gold were worth $431,665,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in Equinox Gold in the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB bought a new position in Equinox Gold in the 4th quarter worth approximately $37,000. Smithfield Trust Co acquired a new position in Equinox Gold during the 3rd quarter valued at $43,000. Finally, WealthCollab LLC boosted its holdings in Equinox Gold by 352.8% in 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 during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EQX shares. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.00.

Equinox Gold Stock Performance

Equinox Gold stock opened at $13.60 on Wednesday. Equinox Gold Corp. has a 52-week low of $5.61 and a 52-week high of $18.96. The firm has a market capitalization of $10.73 billion, a P/E ratio of 56.67 and a beta of 1.21. The stock has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $14.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27.

Equinox Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid 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 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.