Equinox Gold Corp. (TSE:EQX) Stock Has Consensus Price Target of C$24.50 According to Analysts

Shares of Equinox Gold Corp. (TSE:EQX) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$25.14.

A number of equities analysts have commented on EQX shares. Canadian Imperial Bank of Commerce cut their price target on shares of Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th. TD set a C$20.00 price target on shares of Equinox Gold and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Scotiabank upgraded shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, August 7th.

Equinox Gold Stock Up 2.7%

Shares of TSE EQX opened at C$16.24 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 9.15. The business has a 50-day moving average of C$16.08 and a 200-day moving average of C$17.57. The firm has a market capitalization of C$18.96 billion, a price-to-earnings ratio of 15.04 and a beta of 3.51. Equinox Gold has a 12 month low of C$11.91 and a 12 month high of C$25.87.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share for the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. The business had revenue of C$1.09 billion for the quarter. Sell-side analysts expect that Equinox Gold will post 1.39 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0225 dividend. This is a boost from Equinox Gold’s previous quarterly dividend of $0.0150. This represents a $0.09 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinox Gold’s payout ratio is currently 2.78%.

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.