Equinox Gold (TSE:EQX) Insider Daniella Elena Dimitrov Buys 7,000 Shares of Stock

Equinox Gold Corp. (TSE:EQX) insider Daniella Elena Dimitrov acquired 7,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of C$14.40 per share, for a total transaction of C$100,800.00. Following the purchase, the insider directly owned 109,199 shares of the company’s stock, valued at approximately C$1,572,465.60. This trade represents a 6.85% increase in their ownership of the stock.

Equinox Gold Trading Up 2.9%

EQX opened at C$14.74 on Friday. The firm has a market capitalization of C$11.63 billion, a P/E ratio of 16.38 and a beta of 2.96. The firm’s 50 day moving average is C$18.53 and its 200-day moving average is C$19.80. Equinox Gold Corp. has a 52-week low of C$7.71 and a 52-week high of C$25.87. The company has a quick ratio of 1.31, a current ratio of 1.24 and a debt-to-equity ratio of 10.04.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion for the quarter. Equinox Gold had a net margin of 21.78% and a return on equity of 10.88%. Analysts expect that Equinox Gold Corp. will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, June 5th were paid a dividend of $0.015 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Equinox Gold’s dividend payout ratio (DPR) is currently 1.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQX. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. National Bank Financial lifted 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 research note on Friday, February 20th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.