Aquatic Capital Management LLC Lowers Holdings in Equinox Gold Corp. $EQX

Key Points

• Aquatic Capital Management LLC cut its stake in Equinox Gold by 52.0% in Q3, selling 604,503 shares and now holding 558,059 shares (about 0.07% of the company) valued at $6.26 million.
• Equinox Gold declared a quarterly dividend of $0.015 per share (annualized $0.06), yielding ~0.4%, with an ex‑dividend date of March 12 and payment on March 26.
• The stock carries a consensus "Buy" rating with an average price target of $17.00; shares trade near $14.88 with a market cap of $11.73 billion and a 1‑year range of $5.59–$18.96.

Aquatic Capital Management LLC trimmed its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 52.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,059 shares of the company's stock after selling 604,503 shares during the period. Aquatic Capital Management LLC owned about 0.07% of Equinox Gold worth $6,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC increased its stake in shares of Equinox Gold by 5.6% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company's stock valued at $218,000 after purchasing an additional 2,000 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Equinox Gold by 13.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company's stock valued at $103,000 after purchasing an additional 2,091 shares during the last quarter. Creative Planning lifted its stake in shares of Equinox Gold by 8.3% in the third quarter. Creative Planning now owns 37,314 shares of the company's stock worth $419,000 after buying an additional 2,863 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Equinox Gold by 8.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 40,664 shares of the company's stock worth $456,000 after purchasing an additional 3,036 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Equinox Gold by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 100,804 shares of the company's stock worth $1,131,000 after buying an additional 3,084 shares in the last quarter. Hedge funds and other institutional investors own 38.85% of the company's stock.

Equinox Gold Price Performance

Shares of EQX opened at $14.88 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The stock has a market cap of $11.73 billion, a PE ratio of 62.00 and a beta of 1.20. The firm has a fifty day moving average price of $15.83 and a 200 day moving average price of $13.42.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, March 12th. Equinox Gold's dividend payout ratio (DPR) is currently 11.11%.

Analyst Ratings Changes

A number of equities analysts have commented on EQX shares. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Scotiabank restated an "outperform" rating on shares of Equinox Gold in a report on Monday, January 26th. Zacks Research raised shares of Equinox Gold from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 10th. Stifel Nicolaus initiated coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They issued a "buy" rating for the company. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Equinox Gold presently has a consensus rating of "Buy" and an average price target of $17.00.

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.

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