Nykredit A S Invests $403,000 in Equinox Gold Corp. $EQX

Nykredit A S bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,400 shares of the company’s stock, valued at approximately $403,000.

Several other large investors have also recently bought and sold shares of the business. FIL Ltd purchased a new stake in Equinox Gold during the 4th quarter worth about $332,888,000. Norges Bank acquired a new position in Equinox Gold in the fourth quarter valued at approximately $141,388,000. Deutsche Bank AG purchased a new position in Equinox Gold in the second quarter valued at approximately $82,981,000. Boston Partners acquired a new stake in Equinox Gold during the fourth quarter worth approximately $75,290,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Equinox Gold during the 2nd quarter worth approximately $40,220,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of EQX opened at $12.64 on Wednesday. The stock has a market capitalization of $14.76 billion, a P/E ratio of 12.64 and a beta of 1.32. 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 1 year low of $8.48 and a 1 year high of $18.96. The company’s fifty day moving average is $10.89 and its two-hundred day moving average is $12.69.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data 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 net margin of 26.30% and a return on equity of 10.91%. The business had revenue of $769.80 million during the quarter, compared to analysts’ expectations of $775.79 million. During the same period in the prior year, the firm posted $0.11 EPS. Equinox Gold’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, sell-side analysts predict that Equinox Gold Corp. will post 1.1 earnings per share for the current year.

Equinox Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. This is an increase from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, August 19th. Equinox Gold’s dividend payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada dropped their price objective on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Finally, The Goldman Sachs Group raised 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, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.