Nykredit A S Invests $403,000 in Equinox Gold Corp. $EQX

Nykredit A S purchased a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,400 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new position in Equinox Gold during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in shares of Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after buying an additional 982 shares in the last quarter. Quarry LP increased its position in shares of Equinox Gold by 329.9% in the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after buying an additional 2,098 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Equinox Gold during the 4th quarter worth $39,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of Equinox Gold during the 4th quarter worth $42,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Trading Down 1.3%

Shares of EQX opened at $12.64 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $14.76 billion, a P/E ratio of 12.64 and a beta of 1.32. The stock’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $12.69. Equinox Gold Corp. has a twelve month low of $8.48 and a twelve month high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $769.80 million for the quarter, compared to analysts’ expectations of $775.79 million. Equinox Gold had a net margin of 26.30% and a return on equity of 10.91%. Equinox Gold’s revenue was up 60.8% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. On average, equities research analysts forecast that Equinox Gold Corp. will post 1.1 earnings per share for the current year.

Equinox Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.0225 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. This is an increase from Equinox Gold’s previous quarterly dividend of $0.01. Equinox Gold’s dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EQX shares. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their price objective on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.