Equinox Gold (TSE:EQX) Insider Buys C$100,800.00 in Stock

Equinox Gold Corp. (TSE:EQX) insider Daniella Elena Dimitrov bought 7,000 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of C$14.40 per share, for a total transaction of C$100,800.00. Following the acquisition, the insider owned 109,199 shares in the company, valued at C$1,572,465.60. The trade was a 6.85% increase in their position.

Equinox Gold Price Performance

TSE EQX traded up C$0.42 on Friday, hitting C$14.74. 3,826,525 shares of the company were exchanged, compared to its average volume of 3,624,461. The firm has a 50 day moving average of C$18.53 and a two-hundred day moving average of C$19.80. The company has a market cap of C$11.63 billion, a P/E ratio of 16.38 and a beta of 2.96. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. Equinox Gold Corp. has a 1-year low of C$7.71 and a 1-year high of C$25.87.

Equinox Gold (TSE:EQX) last released 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 for the quarter. On average, equities analysts predict that Equinox Gold Corp. will post 1.3865979 EPS for the current year.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 1.67%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. 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. National Bank Financial raised their target price on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Equinox Gold currently 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.