Erste Asset Management GmbH Trims Position in Equinox Gold Corp. $EQX

Erste Asset Management GmbH decreased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 75.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,400 shares of the company’s stock after selling 199,800 shares during the period. Erste Asset Management GmbH’s holdings in Equinox Gold were worth $739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Capital Advisory LLC purchased a new stake in Equinox Gold during the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its stake in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of Equinox Gold in the third quarter valued at approximately $43,000. Blueshift Asset Management LLC acquired a new position in shares of Equinox Gold in the second quarter valued at approximately $74,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Equinox Gold during the second quarter worth approximately $92,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Equinox Gold Trading Up 2.0%

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

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th.

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.