Equinox Gold Corp. $EQX Shares Newly Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 83,577 shares of the company’s stock, valued at approximately $947,000.

A number of other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after purchasing an additional 982 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Equinox Gold by 1.2% during the 1st quarter. Integrated Advisors Network LLC now owns 93,075 shares of the company’s stock valued at $1,346,000 after purchasing an additional 1,075 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Equinox Gold by 1.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 107,101 shares of the company’s stock valued at $1,504,000 after purchasing an additional 1,251 shares during the last quarter. Purpose Unlimited Inc. acquired a new stake in shares of Equinox Gold in the 4th quarter valued at $42,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $11.11 on Friday. Equinox Gold Corp. has a twelve month low of $8.48 and a twelve month high of $18.96. 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 stock has a market cap of $12.97 billion, a P/E ratio of 12.40 and a beta of 1.32. The company’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $11.93.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results 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 business had revenue of $769.80 million for the quarter, compared to the consensus estimate of $775.79 million. During the same quarter in the prior year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 60.8% on a year-over-year basis. As a group, research analysts forecast that Equinox Gold Corp. will post 1.09 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors 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. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. Equinox Gold’s dividend payout ratio is 16.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on EQX shares. TD Securities restated a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note 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. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Finally, Royal Bank Of Canada raised their price objective on Equinox Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.