Equinox Gold Corp. (EQX) to Issue Quarterly Dividend of $0.02 on December 10th

Equinox Gold Corp. (NYSEAMERICAN:EQX) declared a quarterly dividend on Monday, November 9th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.0225 per share on Thursday, December 10th. This represents a $0.09 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 25th.

Equinox Gold Stock Performance

Equinox Gold stock opened at $11.23 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a market capitalization of $13.12 billion, a P/E ratio of 14.57 and a beta of 1.33. Equinox Gold has a 1-year low of $8.48 and a 1-year high of $18.96. The company’s 50-day moving average is $11.40 and its 200 day moving average is $12.64.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Monday, November 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Equinox Gold had a return on equity of 11.53% and a net margin of 23.83%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $987.04 million. Research analysts forecast that Equinox Gold will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds have recently made changes to their positions in EQX. Edmond DE Rothschild Holding S.A. grew its holdings in Equinox Gold by 117.8% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 915,282 shares of the company’s stock worth $10,196,000 after acquiring an additional 495,079 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Equinox Gold by 9.9% during the third quarter. Private Advisor Group LLC now owns 172,110 shares of the company’s stock valued at $1,912,000 after purchasing an additional 15,569 shares in the last quarter. Muhlenkamp & Co. Inc. increased its holdings in Equinox Gold by 1.1% during the third quarter. Muhlenkamp & Co. Inc. now owns 528,154 shares of the company’s stock valued at $5,868,000 after buying an additional 5,903 shares during the period. Voya Investment Management LLC purchased a new position in Equinox Gold during the third quarter valued at approximately $245,000. Finally, Public Sector Pension Investment Board increased its holdings in Equinox Gold by 49.4% during the third quarter. Public Sector Pension Investment Board now owns 441,837 shares of the company’s stock valued at $4,819,000 after buying an additional 146,115 shares during the period. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Company Profile

Equinox Gold is a Canadian gold mining company focused on the acquisition, exploration, development and operation of gold properties. Its business includes producing and selling gold as well as advancing projects intended to support future production. The company’s activities span the Americas, where it operates mines and develops mineral projects. Equinox Gold was formed in 2017 and expanded through acquisitions, including its 2020 merger with Leagold Mining. Based in Vancouver, British Columbia, Equinox Gold focuses primarily on gold and related exploration and development work.