Equinox Gold Corp. $EQX Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 422.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,779 shares of the company’s stock after acquiring an additional 175,270 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Equinox Gold were worth $3,033,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Equinox Gold by 64.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,533 shares of the company’s stock worth $3,174,000 after acquiring an additional 87,986 shares in the last quarter. TT International Asset Management LTD acquired a new stake in Equinox Gold during the fourth quarter valued at approximately $24,061,000. Massachusetts Financial Services Co. MA acquired a new stake in Equinox Gold during the fourth quarter valued at approximately $30,375,000. Capital Advisors Ltd. LLC acquired a new stake in Equinox Gold during the fourth quarter valued at approximately $151,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its stake in Equinox Gold by 37.2% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 155,600 shares of the company’s stock valued at $2,212,000 after buying an additional 42,200 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 1.9%

Shares of Equinox Gold stock opened at $14.44 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. The business’s 50 day simple moving average is $15.30 and its 200-day simple moving average is $14.11. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 60.17 and a beta of 1.33. Equinox Gold Corp. has a twelve month low of $5.61 and a twelve month high of $18.96.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold’s dividend payout ratio is presently 11.11%.

Analyst Ratings Changes

Several analysts have issued reports on EQX shares. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, Equinox Gold has a consensus rating of “Buy” and a consensus target price of $17.00.

Equinox Gold 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.