Gemsstock Ltd. Acquires 118,428 Shares of Equinox Gold Corp. $EQX

Gemsstock Ltd. increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,442,905 shares of the company’s stock after purchasing an additional 118,428 shares during the period. Equinox Gold makes up 16.1% of Gemsstock Ltd.’s holdings, making the stock its biggest position. Gemsstock Ltd. owned approximately 0.69% of Equinox Gold worth $61,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQX. Vanguard Group Inc. grew its position in Equinox Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company’s stock worth $307,659,000 after purchasing an additional 822,981 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of Equinox Gold by 11.1% in the second quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company’s stock worth $152,419,000 after buying an additional 2,643,856 shares during the last quarter. L1 Capital Pty Ltd boosted its stake in shares of Equinox Gold by 120.4% in the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock worth $137,476,000 after buying an additional 13,060,846 shares during the last quarter. Maple Rock Capital Partners Inc. grew its holdings in Equinox Gold by 102.1% during the second 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 period. Finally, Invesco Ltd. raised its position in Equinox Gold by 19.0% during the second quarter. Invesco Ltd. now owns 10,824,459 shares of the company’s stock valued at $62,241,000 after acquiring an additional 1,731,118 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Trading Up 1.6%

Shares of EQX stock opened at $18.40 on Friday. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 76.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The stock has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $12.60.

Equinox Gold Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on EQX shares. Stifel Nicolaus began coverage on Equinox Gold in a research report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Finally, Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two investment 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 company’s stock. According to data from MarketBeat, Equinox Gold currently has a consensus rating of “Buy” and an average target price of $17.00.

Equinox Gold 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.