Equinox Gold Corp. $EQX Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 82.9% during the fourth quarter, HoldingsChannel reports. The firm owned 196,858 shares of the company’s stock after selling 954,796 shares during the quarter. CenterBook Partners LP’s holdings in Equinox Gold were worth $2,764,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EQX. Royal Bank of Canada lifted its position in shares of Equinox Gold by 232.7% during the first quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock worth $3,843,000 after purchasing an additional 390,690 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Equinox Gold during the first quarter worth $6,883,000. Goldman Sachs Group Inc. lifted its position in shares of Equinox Gold by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock worth $12,812,000 after purchasing an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equinox Gold by 164.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock worth $5,367,000 after purchasing an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Equinox Gold by 77.5% during the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company’s stock worth $2,067,000 after purchasing an additional 155,460 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Trading Up 0.5%

NYSEAMERICAN EQX opened at $10.84 on Tuesday. Equinox Gold Corp. has a 12 month low of $5.61 and a 12 month high of $18.96. 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 company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 13.55 and a beta of 1.18. The company’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $14.44.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter last year, the company earned ($0.08) earnings per share. The company’s revenue was up 224.3% compared to the same quarter last year. As a group, research analysts predict that Equinox Gold Corp. will post 1.27 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.015 per share. 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 dividend payout ratio is 11.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Equinox Gold from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday. Finally, Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.