Equinox Gold Corp. (TSE:EQX) Receives C$24.50 Average PT from Brokerages

Shares of Equinox Gold Corp. (TSE:EQX) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$24.50.

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

Insider Activity at Equinox Gold

In other news, Director Lenard Boggio purchased 1,922 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$18.58 per share, with a total value of C$35,710.76. Following the transaction, the director directly owned 76,069 shares of the company’s stock, valued at approximately C$1,413,362.02. This represents a 2.59% increase in their position. Also, insider Daniella Elena Dimitrov purchased 7,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of C$14.40 per share, with a total value of C$100,800.00. Following the transaction, the insider directly owned 109,199 shares in the company, valued at C$1,572,465.60. This trade represents a 6.85% increase in their ownership of the stock. Insiders bought 11,922 shares of company stock worth $187,391 in the last three months. 6.40% of the stock is owned by insiders.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$13.08 on Friday. The firm has a market capitalization of C$10.32 billion, a PE ratio of 14.53 and a beta of 3.11. The firm has a fifty day simple moving average of C$14.83 and a two-hundred day simple moving average of C$18.62. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. Equinox Gold has a 12 month low of C$8.30 and a 12 month high of C$25.87.

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

Equinox Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, May 21st. Equinox Gold’s dividend payout ratio 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.