Erste Asset Management GmbH Decreases Stake in Equinox Gold Corp. $EQX

Erste Asset Management GmbH cut its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 75.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,400 shares of the company’s stock after selling 199,800 shares during the quarter. Erste Asset Management GmbH’s holdings in Equinox Gold were worth $739,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co purchased a new position in Equinox Gold in the third quarter worth approximately $43,000. American Capital Advisory LLC acquired a new stake in shares of Equinox Gold in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. lifted its position in shares of Equinox Gold by 2,054.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after purchasing an additional 4,479 shares during the last quarter. Kercheville Advisors LLC purchased a new stake in shares of Equinox Gold during the 3rd quarter worth $112,000. Finally, KW Wealth Management LLC acquired a new position in shares of Equinox Gold during the third quarter worth $114,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Trading Up 2.0%

NYSEAMERICAN:EQX opened at $18.76 on Monday. The company has a market capitalization of $14.79 billion, a PE ratio of 78.17 and a beta of 1.20. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $18.96. The stock’s 50 day moving average price is $15.38 and its 200 day moving average price is $12.76. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.24.

Equinox Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $0.015 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.3%.

Analyst Ratings Changes

A number of research firms have weighed in on EQX. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Stifel Nicolaus assumed coverage on Equinox Gold in a research note on Tuesday, December 2nd. They set a “buy” rating for the company. Finally, Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $17.00.

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.