Equinox Gold Corp. (NYSEAMERICAN:EQX) Declares Quarterly Dividend of $0.02

Equinox Gold Corp. (NYSEAMERICAN:EQX) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.0225 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 50.0% increase from Equinox Gold’s previous quarterly dividend of $0.01.

Equinox Gold Stock Performance

Shares of EQX traded up $0.34 on Thursday, reaching $10.65. 18,943,648 shares of the stock traded hands, compared to its average volume of 11,387,783. The stock’s 50-day moving average price is $10.09 and its 200-day moving average price is $13.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 13.36 and a beta of 1.27. Equinox Gold has a 12 month low of $6.29 and a 12 month high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $769.80 million during the quarter, compared to the consensus estimate of $775.79 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. Equities analysts forecast that Equinox Gold will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on EQX shares. The Goldman Sachs Group upgraded shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada lowered their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $13.00.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.