80,500 Shares in Equinox Gold Corp. $EQX Bought by Hhlr Advisors LTD.

Hhlr Advisors LTD. purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,500 shares of the company’s stock, valued at approximately $782,000.

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

Equinox Gold Price Performance

Shares of EQX opened at $13.63 on Thursday. Equinox Gold Corp. has a 1-year low of $8.07 and a 1-year high of $18.96. The stock has a market cap of $15.91 billion, a PE ratio of 13.63 and a beta of 1.27. 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 fifty day moving average price of $10.36 and a 200 day moving average price of $12.86.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. As a group, sell-side analysts anticipate that Equinox Gold Corp. will post 1.1 EPS for the current year.

Equinox Gold Increases Dividend

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

Wall Street Analyst Weigh In

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