Donald Smith & CO. Inc. Sells 12,981,833 Shares of Equinox Gold Corp. $EQX

Donald Smith & CO. Inc. lowered its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 64.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,049,326 shares of the company’s stock after selling 12,981,833 shares during the quarter. Equinox Gold accounts for 1.9% of Donald Smith & CO. Inc.’s portfolio, making the stock its 24th biggest position. Donald Smith & CO. Inc.’s holdings in Equinox Gold were worth $98,973,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of Equinox Gold by 91.3% during the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock valued at $1,077,394,000 after acquiring an additional 45,820,861 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Equinox Gold by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock valued at $431,665,000 after acquiring an additional 3,250,135 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of Equinox Gold by 16.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock valued at $186,664,000 after acquiring an additional 2,336,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equinox Gold by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock valued at $143,841,000 after acquiring an additional 1,187,823 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Equinox Gold by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 12,449,178 shares of the company’s stock valued at $174,928,000 after acquiring an additional 603,803 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday. Royal Bank Of Canada decreased their target price on Equinox Gold from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. Finally, Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.00.

Equinox Gold Price Performance

Shares of EQX stock opened at $9.73 on Thursday. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 12.16 and a beta of 1.18. The business’s fifty day moving average is $13.60 and its 200 day moving average is $14.41. Equinox Gold Corp. has a twelve month low of $5.61 and a twelve month high of $18.96. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $861.59 million during the quarter, compared to analysts’ expectations of $896.94 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.Equinox Gold’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share. Research analysts expect that Equinox Gold Corp. will post 1.27 EPS for the current fiscal year.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio is presently 11.11%.

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.