Gabelli Funds LLC Boosts Holdings in Equinox Gold Corp. $EQX

Gabelli Funds LLC boosted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 29.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,638,355 shares of the company’s stock after purchasing an additional 598,500 shares during the period. Gabelli Funds LLC’s holdings in Equinox Gold were worth $29,602,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rathbones Group PLC raised its stake in Equinox Gold by 1.7% in the 2nd quarter. Rathbones Group PLC now owns 109,993 shares of the company’s stock valued at $633,000 after purchasing an additional 1,864 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in Equinox Gold by 5.6% during the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company’s stock worth $218,000 after purchasing an additional 2,000 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Equinox Gold by 13.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock worth $103,000 after purchasing an additional 2,091 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Equinox Gold by 8.1% during the third quarter. Envestnet Asset Management Inc. now owns 40,664 shares of the company’s stock worth $456,000 after buying an additional 3,036 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Equinox Gold by 3.2% in the third quarter. PNC Financial Services Group Inc. now owns 100,804 shares of the company’s stock valued at $1,131,000 after buying an additional 3,084 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Up 1.3%

NYSEAMERICAN EQX opened at $16.63 on Friday. Equinox Gold Corp. has a 52 week low of $5.59 and a 52 week high of $18.96. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $15.63 and its 200-day simple moving average is $13.06. The firm has a market cap of $13.11 billion, a PE ratio of 69.29 and a beta of 1.20.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, March 12th.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQX. Stifel Nicolaus started coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Finally, Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

About Equinox Gold

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.