Equinox Gold (NYSEAMERICAN:EQX) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Equinox Gold (NYSEAMERICAN:EQX) announced its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $987.04 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $12.09 on Tuesday. The stock has a market capitalization of $14.13 billion, a PE ratio of 12.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The business has a fifty day moving average price of $11.43 and a two-hundred day moving average price of $12.66. Equinox Gold has a fifty-two week low of $8.48 and a fifty-two week high of $18.96.

Equinox Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.0225 per share. The ex-dividend date is Wednesday, November 25th. This represents a $0.09 annualized dividend and a yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQX. TD Securities reissued a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. Royal Bank Of Canada boosted their price objective on shares of Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Zacks Research cut shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research report on Friday, October 16th. Finally, Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Equinox Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

About Equinox Gold