Equinox Gold Corp. (TSE:EQX) Given Average Rating of “Buy” by Brokerages

Shares of Equinox Gold Corp. (TSE:EQX) have been assigned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$24.50.

A number of equities research analysts have weighed in on EQX shares. Scotiabank upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, August 7th. TD cut their target price on Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Finally, Canadian Imperial Bank of Commerce reduced their target price on Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th.

Equinox Gold Stock Up 1.5%

Shares of Equinox Gold stock opened at C$17.16 on Friday. The business has a 50-day moving average of C$15.40 and a 200-day moving average of C$17.50. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The company has a market capitalization of C$20.03 billion, a PE ratio of 15.89 and a beta of 3.35. Equinox Gold has a 1-year low of C$11.91 and a 1-year high of C$25.87.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%.The business had revenue of C$1.09 billion for the quarter. As a group, equities analysts forecast that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were issued a $0.0225 dividend. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinox Gold’s dividend payout ratio is currently 2.78%.

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.