Jupiter Topco LLC Purchases New Holdings in Equinox Gold Corp. $EQX

Jupiter Topco LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQXFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 662,677 shares of the company’s stock, valued at approximately $6,450,000. Jupiter Topco LLC owned about 0.06% of Equinox Gold at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new position in shares of Equinox Gold in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after acquiring an additional 982 shares during the last quarter. Quarry LP increased its position 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 in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Equinox Gold during the fourth quarter worth approximately $39,000. Finally, Purpose Unlimited Inc. acquired a new position in Equinox Gold in the 4th quarter valued at $42,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Price Performance

EQX stock opened at $12.99 on Monday. Equinox Gold Corp. has a 1 year low of $8.24 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm has a market capitalization of $15.17 billion, a PE ratio of 12.99 and a beta of 1.27. The business has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $12.84.

Equinox Gold (NYSEAMERICAN:EQXGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $769.80 million for the quarter, compared to analysts’ expectations of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The business’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities research analysts anticipate that Equinox Gold Corp. will post 1.1 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.0225 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. Equinox Gold’s payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada dropped their target price on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Finally, Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.00.

View Our Latest Analysis on EQX

About Equinox Gold

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equinox Gold (NYSEAMERICAN:EQX)

Receive News & Ratings for Equinox Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinox Gold and related companies with MarketBeat.com's FREE daily email newsletter.