Deutsche Bank AG Invests $82.98 Million in Equinox Gold Corp. $EQX

Deutsche Bank AG acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,537,176 shares of the company’s stock, valued at approximately $82,981,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Equinox Gold by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock valued at $431,665,000 after buying an additional 3,250,135 shares during the last quarter. FIL Ltd acquired a new position in Equinox Gold during the 4th quarter worth approximately $332,888,000. Maple Rock Capital Partners Inc. grew its stake in shares of Equinox Gold by 21.6% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 20,234,048 shares of the company’s stock worth $284,152,000 after acquiring an additional 3,589,200 shares in the last quarter. L1 Capital Pty Ltd raised its holdings in shares of Equinox Gold by 15.9% in the fourth quarter. L1 Capital Pty Ltd now owns 20,164,556 shares of the company’s stock valued at $283,110,000 after purchasing an additional 2,768,141 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Equinox Gold by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 12,449,178 shares of the company’s stock valued at $174,928,000 after purchasing an additional 603,803 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Equinox Gold Stock Up 1.7%

Shares of EQX stock opened at $12.88 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. The firm’s 50-day moving average is $10.15 and its 200-day moving average is $12.89. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 12.88 and a beta of 1.27. Equinox Gold Corp. has a 52-week low of $7.61 and a 52-week high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $769.80 million for the quarter, compared to the consensus estimate of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The company’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Sell-side analysts predict that Equinox Gold Corp. will post 1.12 EPS for the current year.

Equinox Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.0225 dividend. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.