910,769 Shares in Equinox Gold Corp. $EQX Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the first quarter, HoldingsChannel.com reports. The fund acquired 910,769 shares of the company’s stock, valued at approximately $13,170,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mcguire Capital Advisors Inc. purchased a new stake in shares of Equinox Gold during the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new position in Equinox Gold in the fourth quarter valued at $28,000. Quarry LP increased its holdings in Equinox Gold by 329.9% in the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after buying an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Equinox Gold in the fourth quarter valued at $39,000. Finally, Purpose Unlimited Inc. acquired a new stake in Equinox Gold in the fourth quarter valued at $42,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada cut their target price on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $13.00.

Equinox Gold Stock Down 4.9%

Equinox Gold stock opened at $8.95 on Friday. The company has a market capitalization of $7.06 billion, a P/E ratio of 11.19 and a beta of 1.26. 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 Corp. has a fifty-two week low of $6.01 and a fifty-two week high of $18.96. The stock has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $13.30.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $861.59 million for the quarter, compared to analysts’ expectations of $896.94 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The company’s quarterly revenue was up 224.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. Equities research analysts expect that Equinox Gold Corp. will post 1.12 earnings per share for the current year.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio is presently 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.