Integrated Advisors Network LLC Purchases New Shares in Equinox Gold Corp. $EQX

Integrated Advisors Network LLC acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 99,000 shares of the company’s stock, valued at approximately $1,111,000.

Several other institutional investors have also recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in shares of Equinox Gold in the third quarter valued at about $1,506,000. TD Asset Management Inc grew its position in Equinox Gold by 66.2% in the 3rd quarter. TD Asset Management Inc now owns 4,464,817 shares of the company’s stock worth $50,026,000 after purchasing an additional 1,779,148 shares in the last quarter. Waratah Capital Advisors Ltd. grew its position in Equinox Gold by 717.8% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock worth $39,564,000 after purchasing an additional 3,094,966 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in Equinox Gold by 0.3% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 2,252,347 shares of the company’s stock valued at $25,290,000 after buying an additional 7,470 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Equinox Gold during the 3rd quarter worth approximately $1,287,000. Institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Finally, Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Equinox Gold has an average rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Trading Up 2.0%

Shares of Equinox Gold stock opened at $18.76 on Friday. The stock has a market capitalization of $14.79 billion, a P/E ratio of 78.17 and a beta of 1.24. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week 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 50-day simple moving average is $15.38 and its 200 day simple moving average is $12.72.

Equinox Gold Announces Dividend

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

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.