123,426 Shares in Equinox Gold Corp. $EQX Bought by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 123,426 shares of the company’s stock, valued at approximately $1,200,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Equinox Gold in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after buying an additional 982 shares during the period. Quarry LP raised its position in shares of Equinox Gold by 329.9% during the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after acquiring an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Equinox Gold during the fourth quarter worth about $39,000. Finally, Purpose Unlimited Inc. bought a new position in shares of Equinox Gold during the fourth quarter worth about $42,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada reduced their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $13.00.

Equinox Gold Stock Performance

Shares of EQX stock opened at $11.60 on Monday. The company has a market cap of $13.54 billion, a P/E ratio of 11.60 and a beta of 1.27. The stock has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $12.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. Equinox Gold Corp. has a fifty-two week low of $7.54 and a fifty-two week high of $18.96.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0225 per share. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. Equinox Gold’s payout ratio is 11.11%.

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.