Public Sector Pension Investment Board Takes Position in Equinox Gold Corp. $EQX

Public Sector Pension Investment Board bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,750 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. L1 Capital Pty Ltd increased its position in shares of Equinox Gold by 120.4% during the 2nd quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock worth $137,476,000 after purchasing an additional 13,060,846 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Equinox Gold by 44,440.1% in the 2nd quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock valued at $59,850,000 after acquiring an additional 10,341,217 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in shares of Equinox Gold by 102.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after acquiring an additional 7,229,260 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Equinox Gold by 11.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company’s stock worth $152,419,000 after acquiring an additional 2,643,856 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Equinox Gold by 795.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,840,270 shares of the company’s stock valued at $16,248,000 after purchasing an additional 2,523,122 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on EQX shares. Stifel Nicolaus assumed coverage on Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Finally, Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Equinox Gold Stock Up 6.2%

Shares of Equinox Gold stock opened at $17.85 on Tuesday. 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 Corp. has a 52-week low of $5.59 and a 52-week high of $18.19. The company has a market capitalization of $14.02 billion, a P/E ratio of 74.38 and a beta of 1.24. The company has a 50 day moving average of $15.02 and a 200 day moving average of $12.43.

Equinox Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $0.015 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%.

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.