Leuthold Group LLC Decreases Stock Holdings in Equinox Gold Corp. $EQX

Leuthold Group LLC reduced its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 45.3% during the fourth quarter, Holdings Channel reports. The firm owned 275,129 shares of the company’s stock after selling 227,741 shares during the quarter. Leuthold Group LLC’s holdings in Equinox Gold were worth $3,863,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. purchased a new position in Equinox Gold during the 4th quarter valued at $140,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Equinox Gold during the 4th quarter valued at $615,000. Muhlenkamp & Co. Inc. increased its position in Equinox Gold by 0.7% during the 4th quarter. Muhlenkamp & Co. Inc. now owns 518,022 shares of the company’s stock valued at $7,273,000 after purchasing an additional 3,765 shares during the period. Swiss Life Asset Management Ltd increased its position in Equinox Gold by 9.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 33,956 shares of the company’s stock valued at $477,000 after purchasing an additional 2,865 shares during the period. Finally, Navellier & Associates Inc. purchased a new position in Equinox Gold during the 4th quarter valued at $1,624,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $13.23 on Friday. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 16.54 and a beta of 1.21. The firm’s 50-day moving average is $14.43 and its 200 day moving average is $14.37. Equinox Gold Corp. has a 1 year low of $5.61 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $861.59 million during the quarter, compared to the consensus estimate of $896.94 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The business’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS. Sell-side analysts anticipate that Equinox Gold Corp. will post 1.24 EPS for the current fiscal year.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.015 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.06 annualized dividend and a yield of 0.5%. Equinox Gold’s dividend payout ratio is currently 11.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on EQX shares. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

About Equinox Gold

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.