OneDigital Investment Advisors LLC Acquires Shares of 60,024 Equinox Gold Corp. $EQX

OneDigital Investment Advisors LLC acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 60,024 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds have also modified their holdings of EQX. Gamco Investors INC. ET AL boosted its stake in 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Equinox Gold by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 13,067 shares of the company’s stock valued at $183,000 after acquiring an additional 1,003 shares during the period. Finally, Integrated Advisors Network LLC boosted its stake in shares of Equinox Gold by 1.2% in the 1st quarter. Integrated Advisors Network LLC now owns 93,075 shares of the company’s stock valued at $1,346,000 after purchasing an additional 1,075 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $11.45 on Wednesday. The firm has a fifty day moving average of $10.04 and a two-hundred day moving average of $12.92. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 11.45 and a beta of 1.27. Equinox Gold Corp. has a 52 week low of $7.54 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last issued 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). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The company had revenue of $769.80 million for the quarter, compared to the consensus estimate of $775.79 million. During the same quarter last year, the business posted $0.11 EPS. Equinox Gold’s quarterly revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts predict that Equinox Gold Corp. will post 1.12 EPS 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 issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 19th. Equinox Gold’s dividend payout ratio is presently 11.11%.

Wall Street Analyst Weigh In

EQX has been the subject of a number of recent analyst reports. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada cut their target price on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.