214,015 Shares of Equinox Gold Corp. $EQX Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 214,015 shares of the company’s stock, valued at approximately $2,378,000.

Several other hedge funds have also recently added to or reduced their stakes in EQX. Triasima Portfolio Management inc. bought a new position in Equinox Gold in the 3rd quarter worth approximately $947,000. Mather Group LLC. acquired a new position in shares of Equinox Gold during the third quarter worth approximately $56,000. Fortitude Family Office LLC bought a new stake in shares of Equinox Gold in the third quarter valued at approximately $39,000. Euro Pacific Asset Management LLC boosted its position in shares of Equinox Gold by 66.9% in the third quarter. Euro Pacific Asset Management LLC now owns 4,181,021 shares of the company’s stock valued at $46,451,000 after acquiring an additional 1,676,488 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Equinox Gold by 24.9% in the third quarter. Montrusco Bolton Investments Inc. now owns 184,612 shares of the company’s stock valued at $2,054,000 after acquiring an additional 36,836 shares during the period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Up 8.0%

Shares of EQX opened at $11.11 on Friday. The stock’s 50-day moving average price is $12.03 and its 200 day moving average price is $11.93. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 11.11 and a beta of 1.32. Equinox Gold Corp. has a 12-month low of $8.48 and a 12-month high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. The firm had revenue of $769.80 million during the quarter, compared to the consensus estimate of $775.79 million. During the same quarter in the prior year, the business posted $0.11 EPS. Equinox Gold’s revenue was up 60.8% compared to the same quarter last year. As a group, research analysts predict that Equinox Gold Corp. will post 1.09 earnings per share for the current year.

Equinox Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.0225 per share. This is a boost from Equinox Gold’s previous quarterly dividend of $0.0150. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 19th. Equinox Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada upped their target price on shares of Equinox Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Finally, TD Securities restated a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Equinox Gold currently has an average rating of “Buy” and a consensus price target of $14.00.

About Equinox Gold

Equinox Gold Corp. is a mining company focused on the exploration, development and operation of gold properties in the Americas. The company produces gold doré and related gold products from its operating mines and advances a portfolio of development and exploration projects intended to support long-term production.

Equinox Gold’s portfolio has included the Mesquite and Castle Mountain properties in California, the Greenstone Mine in Ontario, and the Aurizona, Fazenda and Santa Luz mines in Brazil, as well as the Los Filos complex in Mexico.