Equinox Gold Corp. $EQX Shares Bought by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,089,587 shares of the company’s stock after acquiring an additional 624,770 shares during the period. TD Asset Management Inc owned approximately 0.65% of Equinox Gold worth $71,624,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Integrated Advisors Network LLC purchased a new stake in shares of Equinox Gold during the 3rd quarter worth approximately $1,111,000. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 822,981 shares in the last quarter. Gemsstock Ltd. raised its holdings in Equinox Gold by 2.2% during the 3rd quarter. Gemsstock Ltd. now owns 5,442,905 shares of the company’s stock valued at $61,069,000 after buying an additional 118,428 shares during the period. Waratah Capital Advisors Ltd. raised its holdings 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 buying an additional 3,094,966 shares during the period. Finally, Euro Pacific Asset Management LLC raised its holdings in Equinox Gold by 8.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 1,906,970 shares of the company’s stock valued at $26,173,000 after buying an additional 145,541 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX stock opened at $10.79 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $13.73 and its two-hundred day simple moving average is $14.44. Equinox Gold Corp. has a twelve month low of $5.61 and a twelve month high of $18.96. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 13.49 and a beta of 1.18.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results 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 return on equity of 10.26% and a net margin of 21.72%.The business had revenue of $861.59 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The business’s revenue for the quarter was up 224.3% on a year-over-year basis. Analysts predict that Equinox Gold Corp. will post 1.27 earnings per share for the current year.

Equinox Gold Announces Dividend

The firm also recently announced 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 presently 11.11%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EQX shares. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Equinox Gold presently has a consensus 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.