Ryan King Buys 3,000 Shares of Equinox Gold (TSE:EQX) Stock

Equinox Gold Corp. (TSE:EQX) insider Ryan King bought 3,000 shares of Equinox Gold stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of C$16.96 per share, with a total value of C$50,880.00. Following the completion of the acquisition, the insider directly owned 324,062 shares of the company’s stock, valued at approximately C$5,496,091.52. The trade was a 0.93% increase in their position.

Equinox Gold Stock Performance

Shares of TSE EQX traded down C$0.01 during midday trading on Friday, reaching C$16.96. 1,107,591 shares of the company were exchanged, compared to its average volume of 2,890,629. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. Equinox Gold Corp. has a 1 year low of C$7.71 and a 1 year high of C$25.87. The stock has a fifty day simple moving average of C$19.40 and a 200 day simple moving average of C$19.90. The stock has a market cap of C$13.38 billion, a P/E ratio of 18.84 and a beta of 2.87.

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

Equinox Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 21st. Equinox Gold’s dividend payout ratio is 1.67%.

Analyst Upgrades and Downgrades

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