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

Equinox Gold Corp. (TSE:EQX) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$25.13.

Separately, TD reduced their target price on Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating on the stock in a report on Monday.

Equinox Gold Price Performance

Equinox Gold stock traded up C$0.01 during mid-day trading on Monday, reaching C$13.82. 2,365,737 shares of the company were exchanged, compared to its average volume of 3,662,754. The company has a fifty day simple moving average of C$17.30 and a 200-day simple moving average of C$19.49. Equinox Gold has a 12 month low of C$7.71 and a 12 month high of C$25.87. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31. The firm has a market cap of C$10.91 billion, a PE ratio of 15.36 and a beta of 2.96.

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

Equinox Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, June 5th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 1.67%.

Insider Buying and Selling at Equinox Gold

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

Equinox Gold Company Profile

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.