American Century Companies Inc. Has $47.44 Million Stock Position in Equinox Gold Corp. $EQX

American Century Companies Inc. cut its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,234,433 shares of the company’s stock after selling 727,855 shares during the period. American Century Companies Inc. owned 0.54% of Equinox Gold worth $47,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rathbones Group PLC boosted its holdings in Equinox Gold by 1.7% in the second quarter. Rathbones Group PLC now owns 109,993 shares of the company’s stock worth $633,000 after acquiring an additional 1,864 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its holdings in shares of Equinox Gold by 5.6% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company’s stock worth $218,000 after purchasing an additional 2,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Equinox Gold by 13.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock worth $103,000 after purchasing an additional 2,091 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Equinox Gold by 8.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 40,664 shares of the company’s stock valued at $456,000 after purchasing an additional 3,036 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Equinox Gold by 3.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 100,804 shares of the company’s stock valued at $1,131,000 after purchasing an additional 3,084 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Trading Down 4.3%

Shares of Equinox Gold stock opened at $16.42 on Friday. The firm has a market cap of $12.94 billion, a PE ratio of 68.42 and a beta of 1.20. Equinox Gold Corp. has a 1 year low of $5.59 and a 1 year high of $18.96. 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 fifty day moving average price of $15.59 and a 200-day moving average price of $12.96.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders 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 0.4%. The ex-dividend date is Thursday, March 12th.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQX. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Stifel Nicolaus began coverage on Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.