Louisbourg Investments Inc. Purchases New Holdings in Equinox Gold Corp. $EQX

Louisbourg Investments Inc. acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 345,600 shares of the company’s stock, valued at approximately $4,864,000.

Several other large investors also recently bought and sold shares of EQX. Aventura Private Wealth LLC purchased a new position in shares of Equinox Gold in the fourth quarter valued at approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Equinox Gold during the fourth quarter worth approximately $37,000. Smithfield Trust Co acquired a new position in Equinox Gold in the 3rd quarter valued at $43,000. Finally, Wexford Capital LP acquired a new position in Equinox Gold in the 3rd quarter valued at $49,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $14.59 on Friday. The business’s 50 day moving average price is $15.46 and its 200 day moving average price is $13.68. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 60.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. Equinox Gold Corp. has a one year low of $5.59 and a one year high of $18.96.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Equinox Gold’s payout ratio is presently 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.