Equinox Gold Corp. $EQX Shares Bought by Groupe la Francaise

Groupe la Francaise grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 110.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000,000 shares of the company’s stock after purchasing an additional 1,050,000 shares during the quarter. Groupe la Francaise’s holdings in Equinox Gold were worth $28,789,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Mcguire Capital Advisors Inc. acquired a new stake in shares of Equinox Gold in the 4th quarter worth $25,000. Lodestone Wealth Management LLC acquired a new position in Equinox Gold during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position in Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after buying an additional 982 shares in the last quarter. Quarry LP increased its position in 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 in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Equinox Gold in the fourth quarter valued at about $39,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of EQX stock opened at $9.41 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 11.76 and a beta of 1.26. 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 business has a fifty day moving average of $10.31 and a 200 day moving average of $13.33. Equinox Gold Corp. has a 1 year low of $6.01 and a 1 year high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results 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). The firm had revenue of $861.59 million for the quarter, compared to analysts’ expectations of $896.94 million. Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The firm’s revenue for the quarter was up 224.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. As a group, research analysts expect that Equinox Gold Corp. will post 1.12 earnings per share for the current year.

Equinox Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. Equinox Gold’s payout ratio is 11.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EQX shares. 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 decreased their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $13.00.

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.