Equinox Gold Corp. $EQX Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC boosted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 20.2% during the 1st quarter, HoldingsChannel reports. The firm owned 2,292,608 shares of the company’s stock after buying an additional 385,638 shares during the quarter. Equinox Gold makes up about 3.1% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Euro Pacific Asset Management LLC’s holdings in Equinox Gold were worth $32,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQX. TT International Asset Management LTD acquired a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $24,061,000. Allspring Global Investments Holdings LLC boosted its position in shares of Equinox Gold by 21.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,142,985 shares of the company’s stock worth $16,064,000 after buying an additional 201,000 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Equinox Gold during the fourth quarter worth approximately $1,146,000. Vanguard Group Inc. grew its holdings in Equinox Gold by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock worth $431,665,000 after buying an additional 3,250,135 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Equinox Gold in the 4th quarter worth approximately $30,375,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $8.62 on Friday. Equinox Gold Corp. has a 12 month low of $6.01 and a 12 month 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. The firm has a market capitalization of $6.80 billion, a PE ratio of 10.77 and a beta of 1.26. The company’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $13.65.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm 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%.Equinox Gold’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. As a group, equities research analysts forecast that Equinox Gold Corp. will post 1.24 EPS for the current fiscal year.

Equinox Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were given a dividend of $0.015 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is 11.11%.

Analyst Ratings Changes

Several analysts recently commented on EQX shares. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Thursday. Finally, Royal Bank Of Canada lowered their price target on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, Equinox Gold currently has a consensus rating of “Buy” and a consensus target price of $13.00.

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.