GMT Capital Corp Has $15.59 Million Stock Position in Equinox Gold Corp. $EQX

GMT Capital Corp decreased its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,110,700 shares of the company’s stock after selling 547,400 shares during the period. Equinox Gold makes up 0.8% of GMT Capital Corp’s portfolio, making the stock its 19th largest holding. GMT Capital Corp’s holdings in Equinox Gold were worth $15,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EQX. Royal Bank of Canada increased its position in Equinox Gold by 232.7% during the first quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock worth $3,843,000 after acquiring an additional 390,690 shares during the period. Millennium Management LLC bought a new position in Equinox Gold during the first quarter worth $6,883,000. Goldman Sachs Group Inc. increased its position in Equinox Gold by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock worth $12,812,000 after acquiring an additional 490,251 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Equinox Gold by 164.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock worth $5,367,000 after acquiring an additional 485,567 shares during the period. Finally, Geode Capital Management LLC increased its position in Equinox Gold by 77.5% during the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company’s stock worth $2,067,000 after acquiring an additional 155,460 shares during the period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Up 2.9%

Shares of Equinox Gold stock opened at $10.54 on Friday. The firm has a market capitalization of $8.32 billion, a PE ratio of 13.18 and a beta of 1.18. 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 company’s fifty day moving average price is $13.43 and its two-hundred day moving average price is $14.37. Equinox Gold Corp. has a 52-week low of $5.61 and a 52-week high of $18.96.

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 the consensus estimate of $0.29 by ($0.01). The business 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 company’s quarterly revenue was up 224.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. On average, analysts expect that Equinox Gold Corp. will post 1.27 EPS for the current year.

Equinox Gold Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of Equinox Gold from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Equinox Gold currently has an average rating of “Buy” and a consensus target price of $14.00.

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.