Themes Management Co LLC Purchases New Position in Equinox Gold Corp. $EQX

Themes Management Co LLC purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 111,582 shares of the company’s stock, valued at approximately $1,568,000. Equinox Gold accounts for 1.2% of Themes Management Co LLC’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds also recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new stake in shares of Equinox Gold during the 4th quarter valued at $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Equinox Gold during the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Equinox Gold during the 4th quarter valued at $37,000. Banque Cantonale Vaudoise purchased a new stake in shares of Equinox Gold during the 4th quarter valued at $39,000. Finally, WealthCollab LLC lifted its holdings in shares of Equinox Gold by 352.8% during the 4th quarter. WealthCollab LLC now owns 3,337 shares of the company’s stock valued at $47,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EQX shares. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Stock Performance

Shares of EQX stock opened at $12.13 on Tuesday. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 15.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75. The business has a fifty day moving average of $13.95 and a 200 day moving average of $14.46. Equinox Gold Corp. has a 1 year low of $5.61 and a 1 year high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm 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 business’s revenue was up 224.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) EPS. As a group, research analysts expect that Equinox Gold Corp. will post 1.24 earnings per share for the current year.

Equinox Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

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.