Dimensional Fund Advisors LP Has $84.77 Million Position in Equinox Gold Corp. $EQX

Dimensional Fund Advisors LP trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 13.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,864,818 shares of the company’s stock after selling 948,807 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Equinox Gold were worth $84,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EQX. Mcguire Capital Advisors Inc. bought a new stake in Equinox Gold during the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC acquired a new stake in Equinox Gold during the 4th quarter valued at approximately $28,000. Quarry LP raised its holdings in Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after purchasing an additional 2,098 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Equinox Gold during the fourth quarter worth $39,000. Finally, Purpose Unlimited Inc. bought a new position in Equinox Gold during the fourth quarter worth $42,000. Institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

EQX has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their target price on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.

Equinox Gold Stock Up 5.0%

EQX stock opened at $9.41 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $7.43 billion, a PE ratio of 11.76 and a beta of 1.26. Equinox Gold Corp. has a twelve month low of $6.01 and a twelve month high of $18.96. The stock has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $13.33.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $861.59 million during 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 firm’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts predict that Equinox Gold Corp. will post 1.12 EPS for the current fiscal year.

Equinox Gold Dividend Announcement

The company also recently disclosed 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. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

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.