Equinox Gold Corp. (EQX.TO) – What Are Brokerages Thinking About This Stock?

Equinox Gold Corp. (TSE:EQX) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$24.50.

EQX has been the subject of several analyst reports. Scotiabank raised shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, August 7th. TD set a C$20.00 price objective on shares of Equinox Gold and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on Equinox Gold from C$31.00 to C$27.00 in a research report on Thursday, July 16th.

Equinox Gold Stock Down 4.8%

TSE:EQX opened at C$13.55 on Friday. The firm has a market cap of C$15.82 billion, a P/E ratio of 12.55 and a beta of 3.28. The company has a debt-to-equity ratio of 9.15, a quick ratio of 1.31 and a current ratio of 1.33. Equinox Gold has a fifty-two week low of C$11.91 and a fifty-two week high of C$25.87. The firm has a 50-day simple moving average of C$16.45 and a two-hundred day simple moving average of C$17.70.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$1.09 billion during the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. Analysts predict that Equinox Gold will post 1.39 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.0150. Equinox Gold’s dividend payout ratio is 2.78%.

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.