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

Shares of Equinox Gold Corp. (TSE:EQX) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$25.86.

EQX has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price target on Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. National Bank Financial upped 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 research report on Friday, February 20th. Cormark reduced their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. TD Securities boosted their price target 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 price objective on Equinox Gold from C$25.00 to C$31.00 in a research report on Tuesday, February 10th.

Equinox Gold Trading Down 0.7%

Shares of Equinox Gold stock opened at C$22.42 on Tuesday. Equinox Gold has a fifty-two week low of C$7.71 and a fifty-two week high of C$25.87. 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 company has a market capitalization of C$17.67 billion, a P/E ratio of 64.06 and a beta of 2.44. The company has a fifty day moving average of C$21.52 and a 200 day moving average of C$18.19.

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

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 12th.

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.