Key Points
- Director Lenard Boggio bought 1,922 shares of Equinox Gold at C$18.58 each, increasing his holdings by 2.59% to 76,069 shares worth about C$1.41 million.
- Equinox Gold shares were down 7.6% and opened at C$18.25, while the company continues to show a high beta and significant leverage with a debt-to-equity ratio of 10.04.
- The company recently reported quarterly EPS of C$0.39 on revenue of C$1.20 billion and declared a quarterly dividend of C$0.015 per share, with analysts maintaining a Buy consensus and a C$25.86 price target.
Equinox Gold Corp. (TSE:EQX - Get Free Report) Director Lenard Boggio bought 1,922 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of C$18.58 per share, with a total value of C$35,710.76. Following the completion of the purchase, the director directly owned 76,069 shares of the company's stock, valued at approximately C$1,413,362.02. This trade represents a 2.59% increase in their position.
Equinox Gold Stock Down 7.6%
Shares of EQX opened at C$18.25 on Friday. The firm has a market capitalization of C$14.40 billion, a P/E ratio of 20.28 and a beta of 2.87. Equinox Gold Corp. has a 12-month low of C$7.71 and a 12-month high of C$25.87. The company has a current ratio of 1.24, a quick ratio of 1.31 and a debt-to-equity ratio of 10.04. The firm has a fifty day moving average price of C$19.81 and a 200-day moving average price of C$19.81.
Equinox Gold (TSE:EQX - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion during the quarter. Equinox Gold had a net margin of 21.78% and a return on equity of 10.88%. Equities research analysts expect that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.
Equinox Gold Dividend Announcement
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 paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Equinox Gold's payout ratio is currently 1.67%.
Wall Street Analysts Forecast Growth
EQX has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a "hold" rating to an "outperform" rating and boosted their target price for the company from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. National Bank Financial raised their price objective 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. TD Securities raised their price objective on Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Finally, Stifel Nicolaus raised their price objective on Equinox Gold from C$25.00 to C$31.00 in a report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$25.86.
Get Our Latest Stock Report on Equinox Gold
About Equinox Gold
(
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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.
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