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

Fiscal Wisdom Wealth Management LLC trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 54.0% in the 1st quarter, HoldingsChannel reports. The fund owned 83,604 shares of the company’s stock after selling 98,004 shares during the quarter. Equinox Gold makes up about 1.2% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 16th largest holding. Fiscal Wisdom Wealth Management LLC’s holdings in Equinox Gold were worth $1,206,000 at the end of the most recent quarter.

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

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $8.75 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.24. The firm has a fifty day moving average price of $11.20 and a 200 day moving average price of $13.69. Equinox Gold Corp. has a fifty-two week low of $6.01 and a fifty-two week high of $18.96. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 10.94 and a beta of 1.26.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results 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 company 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 business’s revenue was up 224.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts expect that Equinox Gold Corp. will post 1.24 earnings per share for the current fiscal year.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is presently 11.11%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Royal Bank Of Canada lowered their price objective 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. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Thursday. Finally, The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.00.

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.