Allspring Global Investments Holdings LLC Has $16.06 Million Stock Holdings in Equinox Gold Corp. $EQX

Allspring Global Investments Holdings LLC grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,142,985 shares of the company’s stock after purchasing an additional 201,000 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.15% of Equinox Gold worth $16,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQX. Ruffer LLP lifted its holdings in shares of Equinox Gold by 15.4% in the 3rd quarter. Ruffer LLP now owns 8,651,889 shares of the company’s stock worth $96,992,000 after purchasing an additional 1,152,288 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Equinox Gold during the 3rd quarter valued at $6,991,000. Maple Rock Capital Partners Inc. raised its holdings in Equinox Gold by 102.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after buying an additional 7,229,260 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in Equinox Gold during the third quarter worth $1,111,000. Finally, Vanguard Group Inc. lifted its stake in shares of Equinox Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company’s stock valued at $307,659,000 after buying an additional 822,981 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EQX shares. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.00.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $14.59 on Friday. 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 firm has a market cap of $11.51 billion, a price-to-earnings ratio of 60.79 and a beta of 1.33. The company has a fifty day moving average price of $15.42 and a 200-day moving average price of $13.73.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Equinox Gold’s dividend payout ratio is presently 11.11%.

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.