420,203 Shares in Equinox Gold Corp. $EQX Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 420,203 shares of the company’s stock, valued at approximately $4,079,000.

A number of other institutional investors also recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in Equinox Gold during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after purchasing an additional 982 shares during the period. Quarry LP raised its holdings in Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after purchasing an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Equinox Gold during the 4th quarter worth about $39,000. Finally, Purpose Unlimited Inc. acquired a new position in Equinox Gold in the fourth quarter valued at approximately $42,000. Institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on EQX. Royal Bank Of Canada reduced their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Zacks Research cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.00.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $12.66 on Thursday. The stock has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $12.90. The stock has a market cap of $14.78 billion, a P/E ratio of 12.66 and a beta of 1.27. Equinox Gold Corp. has a 1-year low of $7.57 and a 1-year high of $18.96. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Equinox Gold (NYSEAMERICAN:EQX) last announced its 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 business had revenue of $769.80 million for the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The business’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Research analysts anticipate that Equinox Gold Corp. will post 1.12 earnings per share for the current year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.0225 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Equinox Gold’s payout ratio is 11.11%.

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.