Themes Management Co LLC Invests $1.57 Million in Equinox Gold Corp. $EQX

Themes Management Co LLC bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 111,582 shares of the company’s stock, valued at approximately $1,568,000. Equinox Gold comprises about 1.2% of Themes Management Co LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other large investors have also recently made changes to their positions in EQX. Van ECK Associates Corp increased its stake in Equinox Gold by 91.3% during the third quarter. Van ECK Associates Corp now owns 96,024,048 shares of the company’s stock worth $1,077,394,000 after acquiring an additional 45,820,861 shares during the last quarter. Vanguard Group Inc. increased its stake in Equinox Gold by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 30,714,751 shares of the company’s stock worth $431,665,000 after acquiring an additional 3,250,135 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in Equinox Gold by 16.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 16,644,848 shares of the company’s stock worth $186,664,000 after acquiring an additional 2,336,100 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Equinox Gold by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock worth $143,841,000 after acquiring an additional 1,187,823 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Equinox Gold by 14.3% during the third quarter. Franklin Resources Inc. now owns 11,845,375 shares of the company’s stock worth $132,702,000 after acquiring an additional 1,480,888 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQX has been the topic of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. 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. Zacks Research cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.00.

Equinox Gold Stock Performance

EQX opened at $12.13 on Tuesday. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 15.16 and a beta of 1.21. The stock’s 50 day moving average price is $13.95 and its 200-day moving average price is $14.46. Equinox Gold Corp. has a one year low of $5.61 and a one year high of $18.96. 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 released its earnings results on Wednesday, May 6th. The company reported $0.28 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 quarterly revenue was up 224.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, equities analysts forecast that Equinox Gold Corp. will post 1.24 EPS for the current year.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.5%. Equinox Gold’s dividend payout ratio is currently 11.11%.

Equinox Gold Company 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.