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

Equinox Gold Corp. (TSE:EQX) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$24.50.

Several analysts have weighed in on EQX shares. TD dropped their price objective on shares of Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Canadian Imperial Bank of Commerce decreased their target price on shares of Equinox Gold from C$31.00 to C$27.00 in a research report on Thursday, July 16th. Finally, Scotiabank raised shares of Equinox Gold to a “strong-buy” rating in a report on Friday, August 7th.

Equinox Gold Stock Up 1.4%

EQX opened at C$16.33 on Tuesday. Equinox Gold has a fifty-two week low of C$10.46 and a fifty-two week high of C$25.87. The company has a debt-to-equity ratio of 9.15, a quick ratio of 1.31 and a current ratio of 1.33. The company has a market capitalization of C$19.06 billion, a P/E ratio of 15.12 and a beta of 3.07. The stock has a fifty day moving average of C$14.09 and a 200-day moving average of C$17.91.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. The company had revenue of C$1.09 billion during the quarter. On average, equities analysts expect that Equinox Gold will post 1.3865979 EPS for the current year.

Equinox Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.0225 per share. This is an increase from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinox Gold’s dividend payout ratio (DPR) is currently 2.78%.

Insiders Place Their Bets

In related news, insider Daniella Elena Dimitrov acquired 7,000 shares of the stock in a transaction on 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 in the company, valued at approximately C$1,572,465.60. The trade was a 6.85% increase in their ownership of the stock. Also, insider Ryan King acquired 3,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of C$16.96 per share, with a total value of C$50,880.00. Following the completion of the acquisition, the insider directly owned 324,062 shares in the company, valued at approximately C$5,496,091.52. This represents a 0.93% increase in their ownership of the stock. 6.40% of the stock is owned by company insiders.

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.