Equinox Gold Corp. (TSE:EQX) Stock Rated “Buy” by Sell-Side Analysts

Equinox Gold Corp. (TSE:EQX) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$24.50.

EQX has been the topic of a number of research analyst reports. TD raised their price objective on shares of Equinox Gold from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Canadian Imperial Bank of Commerce dropped their target price on Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. Finally, Scotiabank upgraded Equinox Gold to a “strong-buy” rating in a research report on Friday, August 7th.

Equinox Gold Stock Down 5.4%

Equinox Gold stock opened at C$15.44 on Wednesday. The stock has a market cap of C$18.03 billion, a price-to-earnings ratio of 14.30 and a beta of 3.28. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 9.15. The company’s 50-day moving average price is C$16.82 and its two-hundred day moving average price is C$16.66. Equinox Gold has a 52 week low of C$11.91 and a 52 week high of C$25.87.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$1.09 billion for the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. On average, analysts expect that Equinox Gold will post 1.39 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.0225 per share. This is a boost from Equinox Gold’s previous quarterly dividend of $0.0150. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.6%. Equinox Gold’s payout ratio is 2.78%.

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.