Gamco Investors INC. ET AL Raises Holdings in Equinox Gold Corp. $EQX

Gamco Investors INC. ET AL increased its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 214.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,060 shares of the company’s stock after buying an additional 129,535 shares during the period. Gamco Investors INC. ET AL’s holdings in Equinox Gold were worth $2,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EQX. Amova Asset Management Americas Inc. boosted its position in Equinox Gold by 13.8% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 113,392 shares of the company’s stock valued at $1,271,000 after acquiring an additional 13,748 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Equinox Gold by 10.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock worth $143,841,000 after acquiring an additional 1,187,823 shares in the last quarter. Harvest Portfolios Group Inc. raised its position in shares of Equinox Gold by 11.4% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 145,775 shares of the company’s stock worth $1,633,000 after acquiring an additional 14,949 shares in the last quarter. Gemsstock Ltd. lifted its stake in shares of Equinox Gold by 2.2% during the 3rd quarter. Gemsstock Ltd. now owns 5,442,905 shares of the company’s stock worth $61,069,000 after purchasing an additional 118,428 shares during the last quarter. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Equinox Gold during the 3rd quarter worth $1,111,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Up 0.1%

Shares of EQX stock opened at $16.52 on Wednesday. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The stock’s fifty day moving average price is $15.73 and its 200 day moving average price is $13.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 68.83 and a beta of 1.20.

Equinox Gold Announces Dividend

The firm 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 $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 12th.

Analyst Upgrades and Downgrades

EQX has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. Scotiabank reissued 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. 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. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Two equities research 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 stock. According to data from MarketBeat.com, Equinox Gold has an average 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.