Mackenzie Financial Corp Purchases 1,673,851 Shares of Equinox Gold Corp. $EQX

Mackenzie Financial Corp raised its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 61.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,384,817 shares of the company’s stock after buying an additional 1,673,851 shares during the period. Mackenzie Financial Corp’s holdings in Equinox Gold were worth $49,109,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQX. Van ECK Associates Corp grew its holdings in shares of Equinox Gold by 91.3% in the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock valued at $1,077,394,000 after acquiring an additional 45,820,861 shares in the last quarter. L1 Capital Pty Ltd lifted its holdings in Equinox Gold by 120.4% during the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock worth $137,476,000 after acquiring an additional 13,060,846 shares during the period. Franklin Resources Inc. lifted its holdings in Equinox Gold by 44,440.1% during the second quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock worth $59,850,000 after acquiring an additional 10,341,217 shares during the period. Maple Rock Capital Partners Inc. boosted its position in Equinox Gold by 102.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after purchasing an additional 7,229,260 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its position in Equinox Gold by 717.8% in the third quarter. Waratah Capital Advisors Ltd. now owns 3,526,159 shares of the company’s stock worth $39,564,000 after purchasing an additional 3,094,966 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $15.92 on Friday. 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 stock has a fifty day simple moving average of $15.80 and a two-hundred day simple moving average of $13.25. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 66.33 and a beta of 1.20.

Equinox Gold Dividend Announcement

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

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.