Equinox Gold Corp. $EQX Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 82.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,858 shares of the company’s stock after selling 954,796 shares during the period. CenterBook Partners LP’s holdings in Equinox Gold were worth $2,764,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Equinox Gold by 91.3% during the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock worth $1,077,394,000 after purchasing an additional 45,820,861 shares during the period. Vanguard Group Inc. raised its stake in Equinox Gold by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock worth $431,665,000 after purchasing an additional 3,250,135 shares during the period. Maple Rock Capital Partners Inc. raised its stake in Equinox Gold by 16.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock worth $186,664,000 after purchasing an additional 2,336,100 shares during the period. Dimensional Fund Advisors LP raised its stake in Equinox Gold by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock worth $143,841,000 after purchasing an additional 1,187,823 shares during the period. Finally, Franklin Resources Inc. raised its stake in Equinox Gold by 14.3% during the third quarter. Franklin Resources Inc. now owns 11,845,375 shares of the company’s stock worth $132,702,000 after purchasing an additional 1,480,888 shares during the period. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

EQX opened at $10.84 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. Equinox Gold Corp. has a 52-week low of $5.61 and a 52-week high of $18.96. The company has a 50 day moving average of $13.71 and a two-hundred day moving average of $14.44. The company has a market cap of $8.55 billion, a P/E ratio of 13.55 and a beta of 1.18.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The business had revenue of $861.59 million for the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Equinox Gold’s quarterly revenue was up 224.3% compared to the same quarter last year. On average, analysts expect that Equinox Gold Corp. will post 1.27 earnings per share for the current year.

Equinox Gold Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada cut 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. 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 company’s stock. According to MarketBeat, Equinox Gold presently has an average rating of “Buy” and an average target price of $14.00.

Equinox Gold 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.