Equinox Gold Corp. $EQX Stake Decreased by Aegis Financial Corp

Aegis Financial Corp lowered its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 13.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,880,964 shares of the company’s stock after selling 593,125 shares during the quarter. Equinox Gold makes up approximately 9.5% of Aegis Financial Corp’s portfolio, making the stock its 2nd largest holding. Aegis Financial Corp’s holdings in Equinox Gold were worth $55,875,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EQX. FIL Ltd bought a new stake in Equinox Gold in the fourth quarter worth about $332,888,000. Norges Bank purchased a new position in Equinox Gold in the fourth quarter valued at about $141,388,000. Boston Partners bought a new position in shares of Equinox Gold during the 4th quarter valued at approximately $75,290,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Equinox Gold during the 4th quarter valued at approximately $55,875,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Equinox Gold by 163.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,946,309 shares of the company’s stock worth $83,576,000 after purchasing an additional 3,688,805 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $9.35 on Thursday. The firm has a market capitalization of $7.38 billion, a PE ratio of 11.69 and a beta of 1.26. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $10.74 and a two-hundred day moving average price of $13.54. Equinox Gold Corp. has a twelve month low of $6.01 and a twelve month high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results 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). 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 business’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. Equities analysts forecast that Equinox Gold Corp. will post 1.12 EPS for the current year.

Equinox Gold Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Royal Bank Of Canada decreased their target price on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $13.00.

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.