Equinox Gold Corp. (TSE:EQX – Get Free Report) has been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$24.50.
Several research analysts have commented on EQX shares. Canadian Imperial Bank of Commerce cut their price target on Equinox Gold from C$31.00 to C$27.00 in a research report on Thursday, July 16th. TD lowered their target price on shares of Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research report on Monday, June 29th.
Check Out Our Latest Stock Report on EQX
Equinox Gold Stock Performance
Equinox Gold (TSE:EQX – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share for the quarter. The business had revenue of C$1.20 billion during the quarter. Equinox Gold had a return on equity of 10.88% and a net margin of 21.78%. Analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current year.
Equinox Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors 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 yield of 0.5%. Equinox Gold’s dividend payout ratio is currently 1.67%.
Insiders Place Their Bets
In other Equinox Gold news, insider Ryan King bought 3,000 shares of Equinox Gold stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of C$16.96 per share, with a total value of C$50,880.00. Following the completion of the acquisition, the insider owned 324,062 shares of the company’s stock, valued at approximately C$5,496,091.52. This represents a 0.93% increase in their ownership of the stock. Also, insider Daniella Elena Dimitrov bought 7,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of C$14.40 per share, with a total value of C$100,800.00. Following the purchase, the insider directly owned 109,199 shares of the company’s stock, valued at approximately C$1,572,465.60. This trade represents a 6.85% increase in their position. In the last three months, insiders have acquired 11,922 shares of company stock valued at $187,391. Insiders own 6.40% of the company’s stock.
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.
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