Equinox Gold Corp. $EQX Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 12.2% in the fourth quarter, HoldingsChannel reports. The fund owned 84,327,040 shares of the company’s stock after selling 11,697,008 shares during the quarter. Equinox Gold makes up 1.0% of Van ECK Associates Corp’s holdings, making the stock its 25th largest holding. Van ECK Associates Corp owned 0.11% of Equinox Gold worth $1,183,958,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aventura Private Wealth LLC acquired a new stake in shares of Equinox Gold in the 4th quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold in the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Equinox Gold in the 4th quarter worth approximately $37,000. Banque Cantonale Vaudoise acquired a new stake in shares of Equinox Gold in the 4th quarter worth approximately $39,000. Finally, Smithfield Trust Co acquired a new stake in shares of Equinox Gold in the 3rd quarter worth approximately $43,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $10.54 on Friday. The company has a 50-day moving average of $13.43 and a 200-day moving average of $14.37. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 13.18 and a beta of 1.18. Equinox Gold Corp. has a 52 week low of $5.61 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.24.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $861.59 million for the quarter, compared to the consensus estimate 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 was up 224.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Equinox Gold Corp. will post 1.27 earnings per share for the current fiscal year.

Equinox Gold Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada dropped their price target on shares of Equinox Gold from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday. Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce upgraded shares of 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 given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Equinox Gold has a consensus rating of “Buy” and an average target price of $14.00.

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.