Brown Shipley& Co Ltd Buys Shares of 58,650 Equinox Gold Corp. $EQX

Brown Shipley& Co Ltd bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,650 shares of the company’s stock, valued at approximately $844,000. Equinox Gold comprises about 0.5% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 27th largest position.

Other large investors also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Equinox Gold during the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new position in Equinox Gold in the 4th quarter worth approximately $28,000. Aventura Private Wealth LLC acquired a new stake in Equinox Gold in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in Equinox Gold in the 4th quarter valued at approximately $37,000. Finally, Quarry LP increased its position in Equinox Gold by 329.9% in the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after acquiring an additional 2,098 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX opened at $8.75 on Friday. Equinox Gold Corp. has a 1 year low of $6.01 and a 1 year high of $18.96. The firm has a market cap of $6.91 billion, a P/E ratio of 10.94 and a beta of 1.26. The stock has a fifty day moving average price of $11.20 and a two-hundred day moving average price of $13.69. 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 (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 during the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the company earned ($0.08) EPS. The company’s quarterly revenue was up 224.3% compared to the same quarter last year. Research analysts forecast that Equinox Gold Corp. will post 1.24 EPS for the current fiscal year.

Equinox Gold Announces Dividend

The firm also recently declared 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 0.7%. Equinox Gold’s payout ratio is 11.11%.

Analysts Set New Price Targets

EQX has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Thursday. The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada cut their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Zacks Research raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $13.00.

About Equinox Gold

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.