Fiscal Wisdom Wealth Management LLC Sells 98,004 Shares of Equinox Gold Corp. $EQX

Fiscal Wisdom Wealth Management LLC trimmed its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 54.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,604 shares of the company’s stock after selling 98,004 shares during the period. Equinox Gold makes up 1.2% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Fiscal Wisdom Wealth Management LLC’s holdings in Equinox Gold were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQX. Mcguire Capital Advisors Inc. purchased a new stake in Equinox Gold in the fourth quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in Equinox Gold during the 4th quarter valued at $28,000. Aventura Private Wealth LLC purchased a new stake in Equinox Gold during the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Equinox Gold during the 4th quarter valued at $37,000. Finally, Quarry LP lifted its holdings in shares of Equinox Gold by 329.9% during the 4th 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 period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 6.4%

EQX opened at $8.75 on Friday. The firm’s 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $13.69. The company has a market capitalization of $6.91 billion, a PE ratio of 10.94 and a beta of 1.26. Equinox Gold Corp. has a 1-year low of $6.01 and a 1-year high of $18.96. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $861.59 million for the quarter, compared to the consensus estimate of $896.94 million. Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The company’s revenue was up 224.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. As a group, equities analysts forecast that Equinox Gold Corp. will post 1.24 EPS for the current year.

Equinox Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were given a dividend of $0.015 per share. 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%.

Analyst Ratings Changes

Several analysts recently commented on EQX shares. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. 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 dropped their target price 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. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Equinox Gold in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, Equinox Gold has a consensus rating of “Buy” and an average 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.