TD Asset Management Inc Purchases 624,770 Shares of Equinox Gold Corp. $EQX

TD Asset Management Inc lifted its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,089,587 shares of the company’s stock after buying an additional 624,770 shares during the quarter. TD Asset Management Inc’s holdings in Equinox Gold were worth $71,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQX. Van ECK Associates Corp grew its position in shares of Equinox Gold by 91.3% during the 3rd quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock worth $1,077,394,000 after buying an additional 45,820,861 shares in the last quarter. Norges Bank bought a new position in shares of Equinox Gold during the 4th quarter worth $141,388,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Equinox Gold during the 3rd quarter worth $40,600,000. Vanguard Group Inc. grew its position in shares of Equinox Gold by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock worth $431,665,000 after buying an additional 3,250,135 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. grew its position in shares of Equinox Gold by 717.8% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock worth $39,564,000 after buying an additional 3,094,966 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

Shares of EQX stock opened at $10.79 on Friday. Equinox Gold Corp. has a 1-year low of $5.61 and a 1-year high of $18.96. The stock’s 50-day moving average is $13.73 and its 200 day moving average is $14.44. The company has a market cap of $8.51 billion, a P/E ratio of 13.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The company had revenue of $861.59 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period in the previous year, the business earned ($0.08) EPS. Equinox Gold’s revenue for the quarter was up 224.3% compared to the same quarter last year. Research analysts predict that Equinox Gold Corp. will post 1.27 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Thursday, May 21st were paid a $0.015 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a yield of 0.6%. Equinox Gold’s dividend payout ratio (DPR) is 11.11%.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of recent research reports. 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 downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. 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 stock. According to MarketBeat.com, Equinox Gold presently has a consensus rating of “Buy” and a consensus 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.