Cibc World Market Inc. raised its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 773,520 shares of the company’s stock after acquiring an additional 199,018 shares during the quarter. Cibc World Market Inc.’s holdings in Equinox Gold were worth $10,860,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in Equinox Gold by 7.3% during the fourth quarter. CIBC Asset Management Inc now owns 778,148 shares of the company’s stock valued at $10,943,000 after acquiring an additional 52,743 shares during the period. Norges Bank bought a new stake in Equinox Gold during the fourth quarter valued at about $141,388,000. Savant Capital LLC bought a new stake in Equinox Gold during the fourth quarter valued at about $143,000. Geode Capital Management LLC raised its holdings in Equinox Gold by 26.3% during the fourth quarter. Geode Capital Management LLC now owns 507,199 shares of the company’s stock valued at $7,291,000 after acquiring an additional 105,504 shares during the period. Finally, Terril Brothers Inc. raised its holdings in Equinox Gold by 41.8% during the fourth quarter. Terril Brothers Inc. now owns 44,250 shares of the company’s stock valued at $621,000 after acquiring an additional 13,050 shares during the period. 38.85% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Zacks Research cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.00.
Equinox Gold Trading Down 6.2%
EQX opened at $10.79 on Friday. The firm has a market cap of $8.51 billion, a P/E ratio of 13.49 and a beta of 1.18. Equinox Gold Corp. has a 12 month low of $5.61 and a 12 month high of $18.96. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $13.73 and a 200 day moving average of $14.44.
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $861.59 million during 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 revenue was up 224.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. As a group, research analysts forecast that Equinox Gold Corp. will post 1.27 EPS for the current year.
Equinox Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were given a $0.015 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.06 annualized dividend and a 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.
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