Equinox Gold Corp. $EQX Holdings Trimmed by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lowered its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,283,253 shares of the company’s stock after selling 181,508 shares during the quarter. Equinox Gold accounts for approximately 1.0% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 29th largest position. Goehring & Rozencwajg Associates LLC’s holdings in Equinox Gold were worth $18,526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EQX. Mcguire Capital Advisors Inc. acquired a new stake in Equinox Gold in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Equinox Gold in the 4th quarter worth approximately $28,000. Aventura Private Wealth LLC acquired a new position in shares of Equinox Gold in the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Equinox Gold in the 4th quarter worth approximately $37,000. Finally, Quarry LP raised its holdings in shares of Equinox Gold by 329.9% in 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 in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on EQX shares. Zacks Research raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Royal Bank Of Canada dropped 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. Three research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.00.

Equinox Gold Stock Performance

Equinox Gold stock opened at $9.35 on Thursday. Equinox Gold Corp. has a fifty-two week low of $6.01 and a fifty-two week high of $18.96. The firm’s 50 day simple moving average is $11.31 and its 200-day simple moving average is $13.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75. The company has a market cap of $7.38 billion, a P/E ratio of 11.69 and a beta of 1.26.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The firm had revenue of $861.59 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter last year, the company posted ($0.08) EPS. The firm’s revenue was up 224.3% compared to the same quarter last year. As a group, equities research analysts predict that Equinox Gold Corp. will post 1.24 EPS for the current year.

Equinox Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.015 per share. 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 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.