Maple Rock Capital Partners Inc. Has $170.44 Million Position in Equinox Gold Corp. $EQX

Maple Rock Capital Partners Inc. trimmed its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,531,248 shares of the company’s stock after selling 1,893,400 shares during the period. Equinox Gold accounts for 3.4% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 7th biggest position. Maple Rock Capital Partners Inc.’s holdings in Equinox Gold were worth $170,436,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Gamco Investors INC. ET AL boosted its holdings in shares of Equinox Gold by 0.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 190,855 shares of the company’s stock valued at $2,680,000 after buying an additional 795 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Equinox Gold by 3.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 30,247 shares of the company’s stock worth $425,000 after acquiring an additional 940 shares during the period. EverSource Wealth Advisors LLC raised its stake in Equinox Gold by 96.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after acquiring an additional 982 shares during the period. HighTower Advisors LLC lifted its holdings in Equinox Gold by 8.3% in the fourth quarter. HighTower Advisors LLC now owns 13,067 shares of the company’s stock worth $183,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Equinox Gold by 1.2% in the first quarter. Integrated Advisors Network LLC now owns 93,075 shares of the company’s stock worth $1,346,000 after acquiring an additional 1,075 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Trading Down 1.0%

Shares of NYSEAMERICAN:EQX opened at $12.86 on Tuesday. The company has a market cap of $15.01 billion, a PE ratio of 12.86 and a beta of 1.27. The company’s 50-day moving average price is $10.52 and its 200 day moving average price is $12.82. Equinox Gold Corp. has a fifty-two week low of $8.24 and a fifty-two week high of $18.96. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

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

Equinox Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0225 per share. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 19th. Equinox Gold’s payout ratio is presently 16.67%.

Analysts Set New Price Targets

A number of equities analysts have commented on EQX shares. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Royal Bank Of Canada cut 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. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Finally, Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Equinox Gold has an average rating of “Buy” and a consensus target price of $13.00.

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.