Donald Smith & CO. Inc. Cuts Stock Holdings in Equinox Gold Corp. $EQX

Donald Smith & CO. Inc. decreased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 64.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,049,326 shares of the company’s stock after selling 12,981,833 shares during the quarter. Equinox Gold accounts for approximately 1.9% of Donald Smith & CO. Inc.’s portfolio, making the stock its 24th largest position. Donald Smith & CO. Inc. owned about 0.90% of Equinox Gold worth $98,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Deutsche Bank AG grew its holdings in shares of Equinox Gold by 27.6% during the fourth quarter. Deutsche Bank AG now owns 3,824,421 shares of the company’s stock worth $53,695,000 after purchasing an additional 826,407 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Equinox Gold by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 12,449,178 shares of the company’s stock worth $174,928,000 after purchasing an additional 603,803 shares in the last quarter. Erste Asset Management GmbH boosted its stake in Equinox Gold by 47.1% in the fourth quarter. Erste Asset Management GmbH now owns 96,200 shares of the company’s stock worth $1,344,000 after buying an additional 30,800 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Equinox Gold in the fourth quarter worth approximately $1,450,000. Finally, TD Asset Management Inc boosted its stake in Equinox Gold by 14.0% in the fourth quarter. TD Asset Management Inc now owns 5,089,587 shares of the company’s stock worth $71,624,000 after buying an additional 624,770 shares in the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of EQX stock opened at $9.73 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.24. Equinox Gold Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $18.96. The stock has a 50 day moving average price of $13.60 and a two-hundred day moving average price of $14.41. The company has a market capitalization of $7.68 billion, a P/E ratio of 12.16 and a beta of 1.18.

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 company had revenue of $861.59 million during the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was up 224.3% compared to the same quarter last year. Analysts expect that Equinox Gold Corp. will post 1.27 earnings per share for the current year.

Equinox Gold Announces Dividend

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

Wall Street Analyst Weigh In

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

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.