Shell Asset Management Co. Sells 1,353,193 Shares of Equinox Gold Corp. $EQX

Shell Asset Management Co. lowered its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 99.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,276 shares of the company’s stock after selling 1,353,193 shares during the period. Shell Asset Management Co.’s holdings in Equinox Gold were worth $115,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board purchased a new position in shares of Equinox Gold during the third quarter valued at approximately $636,000. Cibc World Market Inc. grew its position in Equinox Gold by 23.1% in the 3rd quarter. Cibc World Market Inc. now owns 574,502 shares of the company’s stock worth $6,446,000 after purchasing an additional 107,679 shares during the period. Baader Bank Aktiengesellschaft raised its stake in Equinox Gold by 286.5% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 49,862 shares of the company’s stock valued at $559,000 after buying an additional 36,962 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Equinox Gold by 54.2% during the 3rd quarter. Profund Advisors LLC now owns 93,748 shares of the company’s stock valued at $1,052,000 after buying an additional 32,963 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Equinox Gold in the 3rd quarter worth $962,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stifel Nicolaus assumed coverage on Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Equinox Gold Stock Up 8.5%

NYSEAMERICAN EQX opened at $16.98 on Friday. Equinox Gold Corp. has a 52 week low of $5.59 and a 52 week high of $17.40. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.34 billion, a P/E ratio of 70.75 and a beta of 1.24. The stock’s 50-day moving average price is $14.90 and its 200-day moving average price is $12.20.

Equinox Gold Announces Dividend

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