Equinox Gold (TSE:EQX – Free Report) had its price target cut by National Bank Financial from C$23.00 to C$22.00 in a research report sent to investors on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.
Several other research firms also recently issued reports on EQX. Canadian Imperial Bank of Commerce reduced their price objective on Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. TD set a C$20.00 target price on Equinox Gold and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Scotiabank raised Equinox Gold to a “strong-buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, Equinox Gold presently has a consensus rating of “Buy” and a consensus target price of C$24.57.
View Our Latest Report on Equinox Gold
Equinox Gold Price Performance
EQX opened at C$14.68 on Wednesday. Equinox Gold has a one year low of C$11.91 and a one year high of C$25.87. The company has a debt-to-equity ratio of 5.14, a current ratio of 0.93 and a quick ratio of 1.31. The company’s 50 day simple moving average is C$15.87 and its 200-day simple moving average is C$17.41. The stock has a market capitalization of C$17.55 billion, a P/E ratio of 15.29 and a beta of 3.51.
Equinox Gold (TSE:EQX – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported C$0.27 earnings per share for the quarter. Equinox Gold had a net margin of 23.98% and a return on equity of 11.50%. The business had revenue of C$1.49 billion during the quarter. Sell-side analysts anticipate that Equinox Gold will post 1.39 earnings per share for the current fiscal year.
Equinox Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, December 10th will be issued a dividend of $0.0225 per share. The ex-dividend date is Wednesday, November 25th. This represents a $0.09 dividend on an annualized basis and a yield of 0.6%. Equinox Gold’s dividend payout ratio (DPR) is 5.47%.
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.
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