Equinox Gold (TSE:EQX) Insider Purchases C$50,880.00 in Stock

Equinox Gold Corp. (TSE:EQX) insider Ryan King purchased 3,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of C$16.96 per share, with a total value of C$50,880.00. Following the acquisition, the insider directly owned 324,062 shares in the company, valued at approximately C$5,496,091.52. This represents a 0.93% increase in their ownership of the stock.

Equinox Gold Price Performance

EQX stock traded down C$0.01 during trading on Friday, reaching C$16.96. 1,107,591 shares of the company were exchanged, compared to its average volume of 2,890,629. The company has a debt-to-equity ratio of 10.04, a quick ratio of 1.31 and a current ratio of 1.24. The stock’s 50 day moving average price is C$19.40 and its 200 day moving average price is C$19.90. Equinox Gold Corp. has a 52-week low of C$7.71 and a 52-week high of C$25.87. The company has a market cap of C$13.38 billion, a P/E ratio of 18.84 and a beta of 2.87.

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

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is presently 1.67%.

Analysts Set New Price Targets

EQX has been the topic of several research reports. 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 boosted their price objective on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. TD Securities increased their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus raised their target price on shares of Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$25.86.

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.

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.