Centiva Capital LP Invests $676,000 in Equinox Gold Corp. $EQX

Centiva Capital LP acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 60,209 shares of the company’s stock, valued at approximately $676,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its position in Equinox Gold by 91.3% during the 3rd quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock worth $1,077,394,000 after purchasing an additional 45,820,861 shares in the last quarter. L1 Capital Pty Ltd lifted its position 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 valued at $137,476,000 after buying an additional 13,060,846 shares in the last quarter. Franklin Resources Inc. lifted its position 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 valued at $59,850,000 after buying an additional 10,341,217 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in Equinox Gold by 102.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after buying an additional 7,229,260 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Equinox Gold during the third quarter worth approximately $40,600,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

EQX opened at $14.57 on Monday. The company has a market capitalization of $11.49 billion, a P/E ratio of 60.71 and a beta of 1.20. The company has a 50-day moving average of $15.82 and a 200-day moving average of $13.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96.

Equinox Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors 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 yield of 0.4%. Equinox Gold’s dividend payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EQX shares. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. 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. Stifel Nicolaus started coverage on Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating for the company. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.