TD Analysts Give Equinox Gold (TSE:EQX) a C$20.00 Price Target

TD set a C$20.00 target price on Equinox Gold (TSE:EQX) in a report released on Tuesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Canadian Imperial Bank of Commerce cut their price objective on Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. Scotiabank upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$24.50.

Equinox Gold Trading Down 6.7%

Shares of TSE:EQX opened at C$14.48 on Tuesday. The firm has a fifty day moving average of C$16.77 and a two-hundred day moving average of C$16.47. The firm has a market capitalization of C$16.90 billion, a P/E ratio of 13.41 and a beta of 3.28. Equinox Gold has a 12-month low of C$11.91 and a 12-month high of C$25.87. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 9.15.

Equinox Gold (TSE:EQX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 EPS 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. On average, equities analysts expect that Equinox Gold will post 1.39 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a dividend of $0.0225 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.0150. 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.