Danica Pension Livsforsikringsaktieselskab Makes New Investment in Equinox Gold Corp. $EQX

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the second quarter, HoldingsChannel.com reports. The firm acquired 224,186 shares of the company’s stock, valued at approximately $3,098,000.

Other large investors have also modified their holdings of the company. Oxbow Advisors LLC acquired a new position in shares of Equinox Gold in the 2nd quarter valued at $189,000. Wealthfront Advisers LLC purchased a new stake in Equinox Gold in the 2nd quarter valued at $150,000. First National Bank of Omaha acquired a new stake in Equinox Gold during the 2nd quarter worth $136,000. BlackRock Inc. acquired a new stake in Equinox Gold during the 2nd quarter worth $6,158,000. Finally, Deutsche Bank AG purchased a new position in Equinox Gold during the 2nd quarter worth $82,981,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $11.45 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 11.45 and a beta of 1.27. The firm’s fifty day moving average price is $10.04 and its 200 day moving average price is $12.92. Equinox Gold Corp. has a 1-year low of $7.54 and a 1-year high of $18.96.

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

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 19th. Equinox Gold’s dividend payout ratio (DPR) is presently 11.11%.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Zacks Research cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reduced their price objective 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. 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $13.00.

Equinox Gold Profile

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.