Equinox Gold Corp. (TSE:EQX) Plans Quarterly Dividend of $0.02

Equinox Gold Corp. (TSE:EQX) declared a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Investors of record on Friday, June 5th will be given a dividend of 0.015 per share on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Equinox Gold Price Performance

Equinox Gold stock opened at C$18.25 on Tuesday. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31. The company has a market capitalization of C$14.40 billion, a PE ratio of 20.28 and a beta of 2.87. Equinox Gold has a one year low of C$7.71 and a one year high of C$25.87. The business has a 50 day simple moving average of C$19.73 and a 200 day simple moving average of C$19.87.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, May 6th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.20 billion during the quarter. Equinox Gold had a return on equity of 10.88% and a net margin of 21.78%. On average, sell-side analysts forecast that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Securities raised their target price on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Stifel Nicolaus raised their price target on Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. National Bank Financial raised their price target on Equinox Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and raised their price target for the company from C$26.50 to C$32.00 in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$25.86.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.