Allspring Global Investments Holdings LLC Boosts Stock Position in Equinox Gold Corp. $EQX

Allspring Global Investments Holdings LLC boosted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,142,985 shares of the company’s stock after buying an additional 201,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Equinox Gold were worth $16,064,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EQX. Aventura Private Wealth LLC bought a new stake in Equinox Gold in the fourth quarter worth about $28,000. Public Employees Retirement System of Ohio grew its position in shares of Equinox Gold by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 233,610 shares of the company’s stock valued at $2,625,000 after acquiring an additional 2,313 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Equinox Gold during the 4th quarter valued at approximately $37,000. Creative Planning increased its stake in shares of Equinox Gold by 8.3% during the 3rd quarter. Creative Planning now owns 37,314 shares of the company’s stock worth $419,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Equinox Gold by 8.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 40,664 shares of the company’s stock worth $456,000 after purchasing an additional 3,036 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

EQX has been the topic of several research reports. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Zacks Research raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $17.00.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $14.59 on Friday. The company’s 50-day moving average price is $15.42 and its 200-day moving average price is $13.73. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. Equinox Gold Corp. has a 12-month low of $5.59 and a 12-month high of $18.96. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 60.79 and a beta of 1.33.

Equinox Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $0.015 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.4%. Equinox Gold’s dividend payout ratio is currently 11.11%.

Equinox Gold Company 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.