Equinox Gold (TSE:EQX) Insider Ryan King Buys 3,000 Shares of Stock

Equinox Gold Corp. (TSE:EQX) insider Ryan King purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of C$16.96 per share, for a total transaction of C$50,880.00. Following the acquisition, the insider owned 324,062 shares in the company, valued at C$5,496,091.52. This trade represents a 0.93% increase in their position.

Equinox Gold Price Performance

Shares of TSE:EQX opened at C$16.75 on Friday. Equinox Gold Corp. has a twelve month low of C$7.71 and a twelve month high of C$25.87. The company’s 50 day moving average is C$19.29 and its 200 day moving average is C$19.88. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. The company has a market cap of C$13.22 billion, a PE ratio of 18.61 and a beta of 2.87.

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

Equinox Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, May 21st. Equinox Gold’s dividend payout ratio is 1.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EQX shares. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$26.50 to C$32.00 in a report on Tuesday, February 24th. National Bank Financial increased their price target on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus increased their price target on shares of Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$25.86.

About Equinox Gold

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.