83,577 Shares of Equinox Gold Corp. $EQX Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the third quarter, Holdings Channel reports. The institutional investor bought 83,577 shares of the company’s stock, valued at approximately $947,000.

A number of other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after purchasing an additional 982 shares during the last quarter. Purpose Unlimited Inc. acquired a new position in Equinox Gold in the fourth quarter valued at about $42,000. Fortitude Family Office LLC bought a new stake in Equinox Gold during the third quarter worth about $39,000. Mather Group LLC. bought a new stake in Equinox Gold during the third quarter worth about $56,000. Finally, CX Institutional bought a new stake in Equinox Gold during the third quarter worth about $64,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 8.0%

Shares of NYSEAMERICAN:EQX opened at $11.11 on Friday. Equinox Gold Corp. has a 12 month low of $8.48 and a 12 month high of $18.96. The company’s 50-day moving average price is $12.03 and its two-hundred day moving average price is $11.93. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a market cap of $12.97 billion, a P/E ratio of 12.40 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. The company had revenue of $769.80 million during the quarter, compared to the consensus estimate of $775.79 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s revenue was up 60.8% on a year-over-year basis. As a group, research analysts forecast that Equinox Gold Corp. will post 1.09 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.0225 dividend. This is an increase from Equinox Gold’s previous quarterly dividend of $0.0150. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinox Gold’s dividend payout ratio (DPR) is 16.67%.

Analyst Ratings Changes

EQX has been the topic of several recent analyst reports. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Thursday, September 17th. Finally, Royal Bank Of Canada boosted their price objective on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $14.00.

About Equinox Gold

Equinox Gold Corp. is a mining company focused on the exploration, development and operation of gold properties in the Americas. The company produces gold doré and related gold products from its operating mines and advances a portfolio of development and exploration projects intended to support long-term production.

Equinox Gold’s portfolio has included the Mesquite and Castle Mountain properties in California, the Greenstone Mine in Ontario, and the Aurizona, Fazenda and Santa Luz mines in Brazil, as well as the Los Filos complex in Mexico.