Equinox Gold Corp. (TSE:EQX) to Issue Quarterly Dividend of $0.02

Equinox Gold Corp. (TSE:EQX) announced a quarterly dividend on Thursday, March 12th, TickerTech Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.015 per share on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th.

Equinox Gold Stock Down 0.7%

EQX stock opened at C$22.42 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.31 and a debt-to-equity ratio of 32.94. The company has a market cap of C$17.67 billion, a P/E ratio of 64.06 and a beta of 2.44. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$25.87. The company’s 50-day moving average price is C$21.52 and its 200 day moving average price is C$18.19.

Equinox Gold (TSE:EQX) last announced its 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%. On average, research analysts expect that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EQX shares. National Bank Financial lifted their target price on 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. Royal Bank Of Canada increased their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. Cormark reduced their target price on Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$26.50 to C$32.00 in a research report on Tuesday, February 24th. Finally, TD Securities upped their target price on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$25.86.

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.