Equinox Gold (TSE:EQX) Director Purchases C$35,710.76 in Stock

Equinox Gold Corp. (TSE:EQX) Director Lenard Boggio bought 1,922 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of C$18.58 per share, with a total value 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.

Equinox Gold Stock Down 6.5%

Shares of Equinox Gold stock traded down C$1.29 during trading hours on Friday, hitting C$18.46. The company had a trading volume of 2,730,227 shares, compared to its average volume of 2,833,085. The company’s 50-day moving average is C$19.91 and its two-hundred day moving average is C$19.82. Equinox Gold Corp. has a twelve month low of C$7.71 and a twelve 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 company 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 issued its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion during the quarter. Equinox Gold had a net margin of 21.78% and a return on equity of 10.88%. Analysts anticipate that Equinox Gold Corp. will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. National Bank Financial raised their target price on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Finally, TD Securities raised their target price on shares of Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$25.86.

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.