Equinox Gold Corp. (TSE:EQX) Receives Average Rating of “Buy” from Analysts

Shares of Equinox Gold Corp. (TSE:EQX) have been given an average recommendation of “Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$24.50.

A number of equities analysts have issued reports on EQX shares. Canadian Imperial Bank of Commerce lowered their target price on Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. TD cut their price target on Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating on the stock in a report on Monday, June 29th.

Insider Buying and Selling at Equinox Gold

In other news, Director Lenard Boggio bought 1,922 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$18.58 per share, for a total transaction of C$35,710.76. Following the purchase, the director owned 76,069 shares of the company’s stock, valued at approximately C$1,413,362.02. The trade was a 2.59% increase in their position. Also, insider Ryan King purchased 3,000 shares of Equinox Gold stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of C$16.96 per share, with a total value of C$50,880.00. Following the transaction, the insider owned 324,062 shares in the company, valued at approximately C$5,496,091.52. The trade was a 0.93% increase in their ownership of the stock. In the last quarter, insiders have bought 11,922 shares of company stock worth $187,391. Corporate insiders own 6.40% of the company’s stock.

Equinox Gold Stock Down 0.7%

Equinox Gold stock opened at C$13.06 on Friday. The company has a 50 day moving average of C$14.93 and a 200-day moving average of C$18.67. 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 has a twelve month low of C$8.30 and a twelve month high of C$25.87. The stock has a market capitalization of C$10.31 billion, a PE ratio of 14.51 and a beta of 3.11.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.39 EPS for the quarter. The business 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%. On average, equities research analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 1.67%.

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.