Goehring & Rozencwajg Associates LLC Sells 787,586 Shares of Equinox Gold Corp. $EQX

Goehring & Rozencwajg Associates LLC trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 35.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464,761 shares of the company’s stock after selling 787,586 shares during the period. Equinox Gold makes up approximately 2.0% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 18th biggest position. Goehring & Rozencwajg Associates LLC owned approximately 0.19% of Equinox Gold worth $20,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Equinox Gold by 91.3% in the 3rd quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock valued at $1,077,394,000 after buying an additional 45,820,861 shares in the last quarter. Vanguard Group Inc. increased its position in Equinox Gold by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock valued at $431,665,000 after buying an additional 3,250,135 shares in the last quarter. L1 Capital Pty Ltd increased its position in Equinox Gold by 15.9% in the 4th quarter. L1 Capital Pty Ltd now owns 20,164,556 shares of the company’s stock valued at $283,110,000 after buying an additional 2,768,141 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in Equinox Gold by 16.3% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock valued at $186,664,000 after buying an additional 2,336,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Equinox Gold by 10.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock valued at $143,841,000 after buying an additional 1,187,823 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Shares of EQX opened at $10.54 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.24. The stock has a 50 day moving average price of $13.43 and a two-hundred day moving average price of $14.37. The firm has a market capitalization of $8.32 billion, a P/E ratio of 13.18 and a beta of 1.18. Equinox Gold Corp. has a 52 week low of $5.61 and a 52 week high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $861.59 million for 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 period in the prior year, the firm posted ($0.08) earnings per share. Equities analysts forecast that Equinox Gold Corp. will post 1.27 earnings per share for the current fiscal year.

Equinox Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s payout ratio is currently 11.11%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQX. Royal Bank Of Canada decreased their target price on Equinox Gold from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

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.