Louisbourg Investments Inc. Makes New $4.86 Million Investment in Equinox Gold Corp. $EQX

Louisbourg Investments Inc. purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 345,600 shares of the company’s stock, valued at approximately $4,864,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Equinox Gold by 91.3% during 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 buying an additional 45,820,861 shares during the period. Vanguard Group Inc. grew its position in Equinox Gold by 3.1% in 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 period. Donald Smith & CO. Inc. grew its position in Equinox Gold by 11.1% in 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 period. L1 Capital Pty Ltd increased its stake in Equinox Gold by 120.4% during the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock worth $137,476,000 after acquiring an additional 13,060,846 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in 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 during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Down 2.3%

Equinox Gold stock opened at $14.59 on Friday. The company has a market capitalization of $11.51 billion, a PE ratio of 60.79 and a beta of 1.33. 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 Corp. has a fifty-two week low of $5.59 and a fifty-two week high of $18.96. The firm has a 50 day moving average price of $15.46 and a 200 day moving average price of $13.68.

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 paid a $0.015 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Equinox Gold’s payout ratio is presently 11.11%.

Analysts Set New Price Targets

EQX has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Three equities research 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 stock has an average rating of “Buy” and a consensus target price of $17.00.

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.