Equinox Gold Corp. $EQX Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 10.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,819,778 shares of the company’s stock after buying an additional 1,187,823 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.63% of Equinox Gold worth $143,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its position in shares of Equinox Gold by 2,054.6% during the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after acquiring an additional 4,479 shares during the last quarter. Smithfield Trust Co acquired a new stake in shares of Equinox Gold in the 3rd quarter worth about $43,000. Blueshift Asset Management LLC bought a new stake in Equinox Gold in the 2nd quarter valued at about $74,000. VestGen Advisors LLC bought a new stake in Equinox Gold in the 2nd quarter valued at about $92,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Equinox Gold by 13.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock valued at $103,000 after purchasing an additional 2,091 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Equinox Gold Stock Up 0.1%

Equinox Gold stock opened at $16.52 on Wednesday. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 68.83 and a beta of 1.20. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $15.73 and its two-hundred day moving average price is $13.22. Equinox Gold Corp. has a 52 week low of $5.59 and a 52 week high of $18.96.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $0.015 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%.

Equinox Gold Company 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.