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

Equinox Gold Corp. (TSE:EQX) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is C$25.86.

A number of equities analysts have weighed in on EQX shares. 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. Stifel Nicolaus upped their price target on shares of Equinox Gold from C$25.00 to C$31.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$26.50 to C$32.00 in a research report on Tuesday, February 24th. Finally, National Bank Financial upped their price target on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th.

Equinox Gold Stock Performance

Shares of TSE EQX opened at C$18.95 on Wednesday. The firm has a market capitalization of C$14.95 billion, a price-to-earnings ratio of 54.14 and a beta of 2.75. Equinox Gold has a 12-month low of C$7.71 and a 12-month high of C$25.87. The firm has a 50 day moving average of C$20.86 and a 200 day moving average of C$19.61. The company has a current ratio of 1.56, a quick ratio of 1.31 and a debt-to-equity ratio of 32.94.

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

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 12th.

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.