Daniella Elena Dimitrov Buys 7,000 Shares of Equinox Gold (TSE:EQX) Stock

Equinox Gold Corp. (TSE:EQXGet Free Report) insider Daniella Elena Dimitrov acquired 7,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of C$14.40 per share, with a total value of C$100,800.00. Following the completion of the acquisition, the insider directly owned 109,199 shares in the company, valued at approximately C$1,572,465.60. This represents a 6.85% increase in their position.

Equinox Gold Stock Performance

EQX stock opened at C$14.74 on Monday. The firm has a market cap of C$11.63 billion, a PE ratio of 16.38 and a beta of 2.96. The company has a quick ratio of 1.31, a current ratio of 1.24 and a debt-to-equity ratio of 10.04. The business has a 50 day moving average of C$18.53 and a 200-day moving average of C$19.81. Equinox Gold Corp. has a 12-month low of C$7.71 and a 12-month high of C$25.87.

Equinox Gold (TSE:EQXGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts expect that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.

Equinox Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, June 5th were issued a $0.015 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Equinox Gold’s dividend payout ratio is currently 1.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EQX shares. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and upped their target price for the company from C$26.50 to C$32.00 in a report on Tuesday, February 24th. National Bank Financial increased their price objective on Equinox Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Equinox Gold presently has a consensus rating of “Buy” and an average target price of C$25.86.

Check Out Our Latest Report on Equinox Gold

About Equinox Gold

(Get Free Report)

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.

Further Reading

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