Equinox Gold Corp. (TSE:EQX) Given Average Recommendation of “Buy” by Brokerages

Shares of Equinox Gold Corp. (TSE:EQX) have received a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$25.86.

Several research firms have commented on EQX. Cormark cut their price target on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$26.50 to C$32.00 in a report on Tuesday, February 24th. Stifel Nicolaus raised their target price on shares of Equinox Gold from C$25.00 to C$31.00 in a research report on Tuesday, February 10th. National Bank Financial lifted their target price on shares of Equinox Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, TD Securities upped their price target on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$20.32 on Friday. The stock’s 50-day moving average is C$21.12 and its two-hundred day moving average is C$18.95. The company has a debt-to-equity ratio of 32.94, a quick ratio of 1.31 and a current ratio of 1.56. Equinox Gold has a 1 year low of C$7.71 and a 1 year high of C$25.87. The firm has a market cap of C$16.04 billion, a price-to-earnings ratio of 58.06 and a beta of 2.44.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, February 18th. The company reported C$0.48 earnings per share for the quarter. Equinox Gold had a return on equity of 4.68% and a net margin of 9.71%. Analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current year.

Equinox Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 12th.

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.