Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Increases Stock Holdings in Equinox Gold Corp. $EQX

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 37.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,600 shares of the company’s stock after acquiring an additional 42,200 shares during the period. Equinox Gold makes up 4.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 9th largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Equinox Gold were worth $2,212,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EQX. Van ECK Associates Corp raised its stake in Equinox Gold by 91.3% during the 3rd quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock valued at $1,077,394,000 after acquiring an additional 45,820,861 shares in the last quarter. L1 Capital Pty Ltd raised its stake in Equinox Gold by 120.4% during the 2nd quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock valued at $137,476,000 after acquiring an additional 13,060,846 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in Equinox Gold by 102.1% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock valued at $82,398,000 after acquiring an additional 7,229,260 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Equinox Gold during the 3rd quarter valued at $40,600,000. Finally, Waratah Capital Advisors Ltd. raised its stake in Equinox Gold by 717.8% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock valued at $39,564,000 after acquiring an additional 3,094,966 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Up 0.1%

EQX opened at $14.61 on Tuesday. Equinox Gold Corp. has a one year low of $5.59 and a one year high of $18.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. The stock’s fifty day moving average is $15.39 and its 200-day moving average is $13.79. The company has a market capitalization of $11.53 billion, a PE ratio of 60.88 and a beta of 1.33.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Equinox Gold’s payout ratio is currently 11.11%.

Analysts Set New Price Targets

Several brokerages have weighed in on EQX. BMO Capital Markets reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. 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. Three investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.