Equinox Gold Corp. (TSE:EQX) Receives Average Rating of “Buy” from Analysts

Shares of Equinox Gold Corp. (TSE:EQX) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$25.86.

Several equities analysts have recently weighed in on EQX shares. Stifel Nicolaus lifted their price objective on Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. Cormark lowered their target price on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$26.50 to C$32.00 in a report on Tuesday, February 24th. Royal Bank Of Canada upped their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. Finally, TD Securities increased their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd.

Equinox Gold Trading Up 1.6%

EQX opened at C$20.33 on Tuesday. The firm’s fifty day moving average is C$21.71 and its two-hundred day moving average is C$18.54. The company has a debt-to-equity ratio of 32.94, a quick ratio of 1.31 and a current ratio of 1.56. The firm has a market cap of C$16.03 billion, a PE ratio of 58.09 and a beta of 2.44. Equinox Gold has a twelve month low of C$7.71 and a twelve month high of C$25.87.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.48 earnings per share (EPS) for the quarter. Equinox Gold had a net margin of 9.71% and a return on equity of 4.68%. Equities research analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current year.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 26th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%.

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.