Equinox Gold Corp. (EQX) to Issue Quarterly Dividend of $0.02 on June 5th

Equinox Gold Corp. (TSE:EQX) declared a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Stockholders of record on Friday, June 5th will be paid a dividend of 0.015 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 21st.

Equinox Gold Price Performance

EQX stock opened at C$18.25 on Tuesday. 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 company has a fifty day moving average price of C$19.73 and a 200 day moving average price of C$19.87. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31. Equinox Gold has a 12 month low of C$7.71 and a 12 month high of C$25.87.

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

Analysts Set New Price Targets

Several analysts have commented on the company. Stifel Nicolaus upped their price objective on Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. National Bank Financial lifted their target price 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. TD Securities boosted their target price 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 upped their price target for the stock from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, Equinox Gold currently has a consensus 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.