Shell Asset Management Co. Sells 1,353,193 Shares of Equinox Gold Corp. $EQX

Shell Asset Management Co. lowered its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 99.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,276 shares of the company’s stock after selling 1,353,193 shares during the quarter. Shell Asset Management Co.’s holdings in Equinox Gold were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. boosted its position in Equinox Gold by 11.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company’s stock valued at $152,419,000 after acquiring an additional 2,643,856 shares in the last quarter. L1 Capital Pty Ltd boosted its position in shares of Equinox Gold by 120.4% during the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock valued at $137,476,000 after purchasing an additional 13,060,846 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in Equinox Gold by 102.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after purchasing an additional 7,229,260 shares during the period. Invesco Ltd. raised its holdings in Equinox Gold by 19.0% in the second quarter. Invesco Ltd. now owns 10,824,459 shares of the company’s stock worth $62,241,000 after purchasing an additional 1,731,118 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Equinox Gold by 44,440.1% in the second quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock worth $59,850,000 after purchasing an additional 10,341,217 shares in the last quarter. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Stock Up 8.5%

Shares of Equinox Gold stock opened at $16.98 on Friday. The company has a 50-day simple moving average of $14.90 and a two-hundred day simple moving average of $12.20. The stock has a market capitalization of $13.34 billion, a PE ratio of 70.75 and a beta of 1.24. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, March 12th.

Analyst Ratings Changes

A number of analysts have recently weighed in on EQX shares. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Finally, Stifel Nicolaus started coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Equinox Gold currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

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.