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

Equinox Gold Corp. (TSE:EQX) Director Lenard Boggio purchased 1,922 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$18.58 per share, for a total transaction of C$35,710.76. Following the purchase, the director owned 76,069 shares of the company’s stock, valued at C$1,413,362.02. This represents a 2.59% increase in their ownership of the stock.

Equinox Gold Price Performance

Equinox Gold stock opened at C$18.25 on Friday. The company has a market cap of C$14.40 billion, a price-to-earnings ratio of 20.28 and a beta of 2.87. The firm’s fifty day moving average is C$19.81 and its 200 day moving average is C$19.81. The company has a quick ratio of 1.31, a current ratio of 1.24 and a debt-to-equity ratio of 10.04. Equinox Gold Corp. has a 52-week low of C$7.71 and a 52-week high of C$25.87.

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

Equinox Gold Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$26.50 to C$32.00 in a report on Tuesday, February 24th. National Bank Financial lifted their target price on Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Stifel Nicolaus lifted their target price on Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. Finally, TD Securities lifted their target price on Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Equinox Gold has a consensus rating of “Buy” and a consensus price target of C$25.86.

About Equinox Gold

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.