GMT Capital Corp Has $15.59 Million Position in Equinox Gold Corp. $EQX

GMT Capital Corp reduced its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 33.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,110,700 shares of the company’s stock after selling 547,400 shares during the quarter. Equinox Gold makes up approximately 0.8% of GMT Capital Corp’s portfolio, making the stock its 19th largest position. GMT Capital Corp owned about 0.14% of Equinox Gold worth $15,594,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new stake in shares of Equinox Gold during the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Equinox Gold during the fourth quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Equinox Gold during the fourth quarter worth approximately $37,000. Quarry LP boosted its holdings in shares of Equinox Gold by 329.9% during the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after purchasing an additional 2,098 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Equinox Gold during the fourth quarter worth approximately $39,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on EQX shares. The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada reduced their target price on shares of Equinox Gold from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.

Equinox Gold Trading Up 2.9%

NYSEAMERICAN:EQX opened at $10.54 on Friday. Equinox Gold Corp. has a 12 month low of $5.61 and a 12 month high of $18.96. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 13.18 and a beta of 1.18. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $13.43 and its 200-day moving average is $14.37.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $896.94 million. During the same period in the prior year, the business earned ($0.08) EPS. The company’s revenue for the quarter was up 224.3% compared to the same quarter last year. Equities analysts anticipate that Equinox Gold Corp. will post 1.27 EPS for the current year.

Equinox Gold Dividend Announcement

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