Equinox Gold Corp. $EQX is Aegis Financial Corp’s Largest Position

Aegis Financial Corp reduced its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,474,089 shares of the company’s stock after selling 343,834 shares during the period. Equinox Gold accounts for 15.0% of Aegis Financial Corp’s holdings, making the stock its biggest holding. Aegis Financial Corp’s holdings in Equinox Gold were worth $62,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EQX. Royal Bank of Canada raised its stake in shares of Equinox Gold by 232.7% during the first quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock valued at $3,843,000 after acquiring an additional 390,690 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Equinox Gold during the first quarter valued at approximately $6,883,000. Goldman Sachs Group Inc. raised its stake in shares of Equinox Gold by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock valued at $12,812,000 after acquiring an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Equinox Gold by 164.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock valued at $5,367,000 after acquiring an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Equinox Gold by 77.5% during the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company’s stock valued at $2,067,000 after acquiring an additional 155,460 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Up 5.2%

NYSEAMERICAN:EQX opened at $10.24 on Friday. Equinox Gold Corp. has a one year low of $5.61 and a one year high of $18.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.24. The firm has a market cap of $8.08 billion, a P/E ratio of 12.80 and a beta of 1.18. The firm has a 50-day simple moving average of $13.52 and a 200-day simple moving average of $14.40.

Equinox Gold (NYSEAMERICAN:EQX) last posted 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 business had revenue of $861.59 million during the quarter, compared to the consensus estimate of $896.94 million. Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The company’s revenue for the quarter was up 224.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. Equities analysts anticipate that Equinox Gold Corp. will post 1.27 EPS for the current fiscal year.

Equinox Gold Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently 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. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada decreased their price target 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. Finally, The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday. Two 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. Based on data from MarketBeat.com, Equinox Gold currently has an average rating of “Buy” and a consensus price target of $14.00.

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.