Goehring & Rozencwajg Associates LLC Sells 787,586 Shares of Equinox Gold Corp. $EQX

Goehring & Rozencwajg Associates LLC cut its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 35.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,464,761 shares of the company’s stock after selling 787,586 shares during the period. Equinox Gold comprises about 2.0% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 18th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Equinox Gold were worth $20,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of Equinox Gold by 91.3% in the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock valued at $1,077,394,000 after acquiring an additional 45,820,861 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Equinox Gold by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock valued at $431,665,000 after acquiring an additional 3,250,135 shares in the last quarter. L1 Capital Pty Ltd grew its holdings in shares of Equinox Gold by 15.9% in the fourth quarter. L1 Capital Pty Ltd now owns 20,164,556 shares of the company’s stock valued at $283,110,000 after acquiring an additional 2,768,141 shares in the last quarter. Maple Rock Capital Partners Inc. grew its holdings in shares of Equinox Gold by 16.3% in the third quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock valued at $186,664,000 after acquiring an additional 2,336,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Equinox Gold by 10.2% in the third quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock valued at $143,841,000 after acquiring an additional 1,187,823 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQX has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their target price on Equinox Gold from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $10.54 on Friday. The stock has a fifty day simple moving average of $13.43 and a two-hundred day simple moving average of $14.37. Equinox Gold Corp. has a 1-year low of $5.61 and a 1-year high of $18.96. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 13.18 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.10.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The firm had revenue of $861.59 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the company posted ($0.08) earnings per share. Equinox Gold’s revenue for the quarter was up 224.3% on a year-over-year basis. Analysts anticipate that Equinox Gold Corp. will post 1.27 earnings per share for the current year.

Equinox Gold Dividend Announcement

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