Edmond DE Rothschild Holding S.A. Buys New Holdings in Equinox Gold Corp. $EQX

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 420,203 shares of the company’s stock, valued at approximately $4,079,000.

Several other institutional investors and hedge funds also recently modified their holdings of EQX. Mcguire Capital Advisors Inc. acquired a new stake in shares of Equinox Gold during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its holdings in Equinox Gold by 96.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after buying an additional 982 shares during the last quarter. Quarry LP increased its holdings in Equinox Gold by 329.9% in the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after buying an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Equinox Gold during the fourth quarter valued at approximately $39,000. Finally, Purpose Unlimited Inc. acquired a new stake in Equinox Gold during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EQX shares. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada dropped their price target on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. Finally, The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.

Equinox Gold Stock Performance

Shares of EQX opened at $12.66 on Thursday. Equinox Gold Corp. has a 52 week low of $7.57 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. The company has a market capitalization of $14.78 billion, a PE ratio of 12.66 and a beta of 1.27. The company’s 50 day moving average price is $10.10 and its 200 day moving average price is $12.90.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The firm had revenue of $769.80 million for the quarter, compared to analysts’ expectations of $775.79 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Equinox Gold’s revenue was up 60.8% on a year-over-year basis. Research analysts expect that Equinox Gold Corp. will post 1.12 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.0225 dividend. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinox Gold’s payout ratio is 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.