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

Equinox Gold Corp. (TSE:EQX) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$25.86.

Several research analysts recently commented on the company. National Bank Financial lifted their price target 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. TD Securities upped their price objective on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Royal Bank Of Canada lifted their target price on Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. Finally, Cormark cut their target price on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th.

Equinox Gold Price Performance

EQX stock opened at C$22.42 on Tuesday. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$25.87. The firm 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 simple moving average of C$21.52 and a two-hundred day simple moving average of C$18.19. 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 (TSE:EQX) last posted its earnings results on Wednesday, February 18th. The company reported C$0.48 earnings per share for the quarter. Equinox Gold had a net margin of 9.71% and a return on equity of 4.68%. Analysts anticipate that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a 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.