Equinox Gold Corp. (TSE:EQX) Given Consensus Recommendation of “Buy” by Brokerages

Equinox Gold Corp. (TSE:EQX) has earned a consensus rating of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$25.13.

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

Insider Transactions at Equinox Gold

In other news, insider Daniella Elena Dimitrov bought 7,000 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average price of C$14.40 per share, for a total transaction of C$100,800.00. Following the completion of the purchase, the insider owned 109,199 shares in the company, valued at approximately C$1,572,465.60. This trade represents a 6.85% increase in their ownership of the stock. Also, insider Ryan King bought 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of C$16.96 per share, for a total transaction of C$50,880.00. Following the purchase, the insider owned 324,062 shares of the company’s stock, valued at C$5,496,091.52. This trade represents a 0.93% increase in their position. Over the last quarter, insiders have bought 11,922 shares of company stock worth $187,391. Company insiders own 6.40% of the company’s stock.

Equinox Gold Stock Performance

TSE:EQX traded up C$0.01 on Monday, hitting C$13.82. The company’s stock had a trading volume of 2,365,737 shares, compared to its average volume of 3,662,754. 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 stock has a fifty day moving average of C$17.30 and a two-hundred day moving average of C$19.49. The firm has a market capitalization of C$10.91 billion, a P/E ratio of 15.36 and a beta of 2.96. Equinox Gold has a one year low of C$7.71 and a one year high of C$25.87.

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

Equinox Gold Dividend Announcement

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

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.