Hhlr Advisors LTD. Makes New Investment in Equinox Gold Corp. $EQX

Hhlr Advisors LTD. acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, HoldingsChannel reports. The firm acquired 80,500 shares of the company’s stock, valued at approximately $782,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FIL Ltd acquired a new stake in shares of Equinox Gold during the fourth quarter worth about $332,888,000. Norges Bank acquired a new position in Equinox Gold in the 4th quarter valued at about $141,388,000. Deutsche Bank AG acquired a new position in Equinox Gold in the 2nd quarter valued at about $82,981,000. Boston Partners purchased a new stake in Equinox Gold during the 4th quarter valued at approximately $75,290,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Equinox Gold during the 2nd quarter valued at approximately $40,220,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Price Performance

Equinox Gold stock opened at $13.63 on Thursday. Equinox Gold Corp. has a one year low of $8.07 and a one year high of $18.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. The business has a fifty day moving average of $10.36 and a two-hundred day moving average of $12.86. The company has a market cap of $15.91 billion, a P/E ratio of 13.63 and a beta of 1.27.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $775.79 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equinox Gold’s revenue for the quarter was up 60.8% on a year-over-year basis. As a group, analysts predict that Equinox Gold Corp. will post 1.1 earnings per share for the current fiscal 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 $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. 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 16.67%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EQX. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Scotiabank restated 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. Royal Bank Of Canada lowered their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One investment 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, Equinox Gold currently has an average rating of “Buy” and a consensus price target 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.