Foster Group Inc. Acquires New Holdings in Equinox Gold Corp. $EQX

Foster Group Inc. bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $632,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ruffer LLP boosted its holdings in shares of Equinox Gold by 15.4% during the 3rd quarter. Ruffer LLP now owns 8,651,889 shares of the company’s stock worth $96,992,000 after buying an additional 1,152,288 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Equinox Gold in the 3rd quarter worth $6,991,000. Maple Rock Capital Partners Inc. lifted its position in Equinox Gold by 102.1% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after acquiring an additional 7,229,260 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Equinox Gold by 70.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock worth $10,550,000 after acquiring an additional 390,000 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in Equinox Gold during the third quarter valued at about $1,111,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $13.00 on Thursday. 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 firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 54.17 and a beta of 1.20. The company’s fifty day moving average is $15.61 and its two-hundred day moving average is $13.57. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $18.96.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analyst Weigh In

EQX has been the topic of several research analyst reports. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Stifel Nicolaus initiated coverage on Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Canadian Imperial Bank of Commerce raised 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 report on Tuesday, January 27th. Three research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus 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.