Equinox Gold (TSE:EQX) Issues Earnings Results

Equinox Gold (TSE:EQX) posted its quarterly earnings data on Wednesday. The company reported C$0.39 EPS for the quarter, FiscalAI reports. Equinox Gold had a return on equity of 4.68% and a net margin of 9.71%.The firm had revenue of C$1.20 billion for the quarter.

Equinox Gold Trading Up 0.4%

TSE EQX opened at C$19.65 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 32.94. Equinox Gold has a twelve month low of C$7.71 and a twelve month high of C$25.87. The company has a market cap of C$15.51 billion, a price-to-earnings ratio of 56.14 and a beta of 2.87. The business’s fifty day moving average is C$20.41 and its 200 day moving average is C$19.68.

Equinox Gold Announces Dividend

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 issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.3%.

Analysts Set New Price Targets

A number of research firms have commented on EQX. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. National Bank Financial raised their price objective on Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. TD Securities lifted their price target on Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus lifted their price target on Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Equinox Gold currently has an average 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.