Danica Pension Livsforsikringsaktieselskab Takes Position in Equinox Gold Corp. $EQX

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 224,186 shares of the company’s stock, valued at approximately $3,098,000.

A number of other large investors have also recently made changes to their positions in the company. FIL Ltd acquired a new stake in Equinox Gold in the fourth quarter valued at approximately $332,888,000. Norges Bank acquired a new position in Equinox Gold during the 4th quarter worth approximately $141,388,000. Deutsche Bank AG acquired a new position in Equinox Gold during the 2nd quarter worth approximately $82,981,000. Boston Partners purchased a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $75,290,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $55,875,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Stock Down 2.9%

EQX stock opened at $11.45 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. Equinox Gold Corp. has a twelve month low of $7.54 and a twelve month high of $18.96. The company’s 50 day moving average is $10.04 and its two-hundred day moving average is $12.92. The stock has a market cap of $13.37 billion, a P/E ratio of 11.45 and a beta of 1.27.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $769.80 million during the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a net margin of 26.30% and a return on equity of 10.91%. The company’s quarterly revenue was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Research analysts expect that Equinox Gold Corp. will post 1.12 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.0225 dividend. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Equinox Gold’s payout ratio is currently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $13.00.

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.