Healthcare of Ontario Pension Plan Trust Fund Buys 151,280 Shares of Equinox Gold Corp. $EQX

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 26.1% during the first quarter, Holdings Channel.com reports. The firm owned 729,972 shares of the company’s stock after buying an additional 151,280 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Equinox Gold were worth $10,550,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in shares of Equinox Gold by 0.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 190,855 shares of the company’s stock valued at $2,680,000 after purchasing an additional 795 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Equinox Gold by 3.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 30,247 shares of the company’s stock worth $425,000 after buying an additional 940 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Equinox Gold by 8.3% during the 4th quarter. HighTower Advisors LLC now owns 13,067 shares of the company’s stock worth $183,000 after buying an additional 1,003 shares in the last quarter. Integrated Advisors Network LLC boosted its position in Equinox Gold by 1.2% in the 1st quarter. Integrated Advisors Network LLC now owns 93,075 shares of the company’s stock valued at $1,346,000 after buying an additional 1,075 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Equinox Gold by 1.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 107,101 shares of the company’s stock valued at $1,504,000 after buying an additional 1,251 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Trading Down 3.9%

Shares of NYSEAMERICAN EQX opened at $9.15 on Wednesday. The company’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $13.40. Equinox Gold Corp. has a fifty-two week low of $6.01 and a fifty-two week high of $18.96. The firm has a market capitalization of $7.22 billion, a P/E ratio of 11.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The business had revenue of $861.59 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period in the previous year, the business posted ($0.08) earnings per share. Equinox Gold’s revenue was up 224.3% compared to the same quarter last year. On average, analysts predict that Equinox Gold Corp. will post 1.12 EPS for the current year.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

Analysts Set New Price Targets

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

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.