Equinox Gold Corp. $EQX Shares Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,906,970 shares of the company’s stock after buying an additional 145,541 shares during the quarter. Equinox Gold accounts for approximately 0.1% of Euro Pacific Asset Management LLC’s holdings, making the stock its 14th biggest holding. Euro Pacific Asset Management LLC owned 0.24% of Equinox Gold worth $26,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in Equinox Gold by 91.3% in 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 during the last quarter. Vanguard Group Inc. raised its position in Equinox Gold by 3.1% during the third 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 during the last quarter. Donald Smith & CO. Inc. raised its position in Equinox Gold by 11.1% during the second quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company’s stock worth $152,419,000 after acquiring an additional 2,643,856 shares during the last quarter. L1 Capital Pty Ltd lifted its holdings in shares of Equinox Gold by 120.4% in the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock valued at $137,476,000 after purchasing an additional 13,060,846 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of Equinox Gold by 16.3% in the third quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock valued at $186,664,000 after purchasing an additional 2,336,100 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus began coverage on shares of Equinox Gold in a research report on Tuesday, December 2nd. They issued a “buy” rating on the stock. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Price Performance

EQX opened at $12.94 on Tuesday. Equinox Gold Corp. has a 1 year low of $5.59 and a 1 year high of $18.96. The company’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $13.64. The stock has a market capitalization of $10.21 billion, a PE ratio of 53.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, March 12th. Equinox Gold’s dividend payout ratio is presently 11.11%.

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.