Caldwell Investment Management Ltd. Invests $545,000 in Equinox Gold Corp. $EQX

Caldwell Investment Management Ltd. bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, HoldingsChannel reports. The fund bought 56,000 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. bought a new stake in Equinox Gold during the second quarter valued at about $221,000. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Equinox Gold in the 2nd quarter worth $299,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Equinox Gold in the 2nd quarter worth $4,079,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Equinox Gold in the 2nd quarter worth about $3,098,000. Finally, Oxbow Advisors LLC bought a new stake in shares of Equinox Gold in the 2nd quarter worth about $189,000. Institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of recent research reports. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. Royal Bank Of Canada decreased their price target on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. 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 equities 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $13.00.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN:EQX opened at $13.53 on Friday. The firm’s 50 day simple moving average is $10.21 and its 200-day simple moving average is $12.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. Equinox Gold Corp. has a one year low of $7.77 and a one year high of $18.96. The firm has a market cap of $15.80 billion, a PE ratio of 13.53 and a beta of 1.27.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $769.80 million for the quarter, compared to the consensus estimate of $775.79 million. During the same period in the previous year, the company posted $0.11 EPS. Equinox Gold’s quarterly revenue was up 60.8% compared to the same quarter last year. As a group, equities analysts predict that Equinox Gold Corp. will post 1.12 EPS for the current year.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.0225 per share. This is an increase 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 dividend yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.