Foster Group Inc. Takes $632,000 Position in Equinox Gold Corp. $EQX

Foster Group Inc. purchased a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQX. Aventura Private Wealth LLC acquired a new position in Equinox Gold in the 4th quarter valued at approximately $28,000. TD Waterhouse Canada Inc. boosted its stake in shares of Equinox Gold by 13.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock valued at $103,000 after buying an additional 2,091 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Equinox Gold by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 233,610 shares of the company’s stock valued at $2,625,000 after acquiring an additional 2,313 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Equinox Gold during the 4th quarter valued at $37,000. Finally, Creative Planning increased its stake in shares of Equinox Gold by 8.3% in the third quarter. Creative Planning now owns 37,314 shares of the company’s stock worth $419,000 after acquiring an additional 2,863 shares during the last quarter. 38.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Finally, Stifel Nicolaus began coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Equinox Gold presently has a consensus rating of “Buy” and a consensus target price of $17.00.

Equinox Gold Stock Up 3.3%

Equinox Gold stock opened at $13.00 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The firm’s fifty day simple moving average is $15.61 and its 200-day simple moving average is $13.57. The company has a market capitalization of $10.25 billion, a P/E ratio of 54.17 and a beta of 1.20.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is 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.