1,676,488 Equinox Gold Corp. $EQX Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lifted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 66.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,181,021 shares of the company’s stock after acquiring an additional 1,676,488 shares during the quarter. Equinox Gold comprises approximately 3.0% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 10th largest holding. Euro Pacific Asset Management LLC’s holdings in Equinox Gold were worth $46,451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EQX. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 982 shares during the last quarter. Purpose Unlimited Inc. purchased a new position in Equinox Gold during the fourth quarter worth about $42,000. CX Institutional purchased a new position in Equinox Gold during the third quarter worth about $64,000. Continuum Advisory LLC bought a new stake in Equinox Gold in the 2nd quarter worth about $93,000. Finally, Heck Capital Advisors LLC bought a new stake in Equinox Gold in the 2nd quarter worth about $100,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX traded down $0.35 during mid-day trading on Tuesday, reaching $10.85. 12,370,154 shares of the company’s stock were exchanged, compared to its average volume of 11,769,253. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 10.85 and a beta of 1.32. Equinox Gold Corp. has a 52 week low of $8.48 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $11.95.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $769.80 million during the quarter, compared to analysts’ expectations of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. Equinox Gold’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Analysts predict that Equinox Gold Corp. will post 1.10 EPS for the current year.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.0225 dividend. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.0150. This represents a $0.09 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinox Gold’s payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. TD Securities restated a “buy” rating on shares of Equinox Gold in a research note on Thursday, September 17th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $14.00.

Equinox Gold Profile

Equinox Gold Corp. is a mining company focused on the exploration, development and operation of gold properties in the Americas. The company produces gold doré and related gold products from its operating mines and advances a portfolio of development and exploration projects intended to support long-term production.

Equinox Gold’s portfolio has included the Mesquite and Castle Mountain properties in California, the Greenstone Mine in Ontario, and the Aurizona, Fazenda and Santa Luz mines in Brazil, as well as the Los Filos complex in Mexico.