Equinox Gold (TSE:EQX) Director Lenard Boggio Buys 1,922 Shares

Equinox Gold Corp. (TSE:EQX) Director Lenard Boggio acquired 1,922 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$18.58 per share, with a total value of C$35,710.76. Following the completion of the purchase, the director owned 76,069 shares of the company’s stock, valued at C$1,413,362.02. This trade represents a 2.59% increase in their ownership of the stock.

Equinox Gold Trading Down 6.5%

EQX traded down C$1.29 during trading on Friday, hitting C$18.46. 2,730,227 shares of the company’s stock were exchanged, compared to its average volume of 2,833,085. The stock has a 50 day moving average price of C$19.91 and a 200 day moving average price of C$19.82. Equinox Gold Corp. has a 1 year low of C$7.71 and a 1 year high of C$25.87. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. The firm has a market cap of C$14.57 billion, a P/E ratio of 20.51 and a beta of 2.87.

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

Equinox Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be given a dividend of $0.015 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. Equinox Gold’s dividend payout ratio is currently 1.67%.

Analyst Ratings Changes

Several research firms have recently commented on EQX. 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. 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. Finally, 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. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$25.86.

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.