Equinox Gold Corp. (TSE:EQX) Receives C$24.50 Average PT from Analysts

Equinox Gold Corp. (TSE:EQX) has been given an average rating of “Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$24.50.

Several equities research analysts recently weighed in on EQX shares. TD boosted their target price on Equinox Gold from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank raised shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th.

Equinox Gold Trading Up 2.3%

Equinox Gold stock opened at C$17.49 on Friday. Equinox Gold has a one year low of C$11.91 and a one year high of C$25.87. The company’s fifty day moving average price is C$15.68 and its two-hundred day moving average price is C$17.20. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The company has a market capitalization of C$20.42 billion, a price-to-earnings ratio of 16.19 and a beta of 3.35.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$1.09 billion during the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%. On average, analysts forecast that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a $0.0225 dividend. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.09 annualized dividend and a yield of 0.5%. 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.