Lenard Boggio Acquires 1,922 Shares of Equinox Gold (TSE:EQX) Stock

Equinox Gold Corp. (TSE:EQX) Director Lenard Boggio purchased 1,922 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$18.58 per share, with a total value of C$35,710.76. Following the purchase, the director directly owned 76,069 shares of the company’s stock, valued at approximately C$1,413,362.02. The trade was a 2.59% increase in their ownership of the stock.

Equinox Gold Price Performance

Equinox Gold stock opened at C$18.25 on Friday. Equinox Gold Corp. has a 12 month low of C$7.71 and a 12 month high of C$25.87. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31. The business has a 50 day simple moving average of C$19.81 and a 200-day simple moving average of C$19.81. The stock has a market capitalization of C$14.40 billion, a PE ratio of 20.28 and a beta of 2.87.

Equinox Gold (TSE:EQX) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion during the quarter. Equinox Gold had a return on equity of 10.88% and a net margin of 21.78%. Equities analysts predict that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.

Equinox Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, June 5th will be given a $0.015 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.06 annualized dividend and a yield of 0.3%. Equinox Gold’s dividend payout ratio is presently 1.67%.

Wall Street Analysts Forecast Growth

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