Key Points
- Insider buying: Equinox Gold insider Ryan King purchased 3,000 shares on May 22 at an average price of C$16.96, increasing his holdings to 324,062 shares.
- Recent results and dividend: The company reported C$0.39 EPS and C$1.20 billion in revenue for the last quarter, and it declared a quarterly dividend of C$0.015 per share payable June 5.
- Analyst sentiment: Analysts remain broadly positive on EQX, with six Buy ratings and an average target price of C$25.86, despite the stock trading below its 50-day and 200-day moving averages.
Equinox Gold Corp. (TSE:EQX - Get Free Report) insider Ryan King bought 3,000 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were purchased 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 owned 324,062 shares in the company, valued at approximately C$5,496,091.52. This represents a 0.93% increase in their ownership of the stock.
Equinox Gold Price Performance
TSE:EQX opened at C$16.75 on Friday. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31. The firm has a market cap of C$13.22 billion, a price-to-earnings ratio of 18.61 and a beta of 2.87. The company has a 50 day moving average price of C$19.29 and a 200-day moving average price of C$19.88. Equinox Gold Corp. has a 1-year low of C$7.71 and a 1-year high of C$25.87.
Equinox Gold (TSE:EQX - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share 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 forecast that Equinox Gold Corp. will post 1.3865979 EPS for the current year.
Equinox Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be issued 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 of this dividend is Thursday, May 21st. Equinox Gold's payout ratio is 1.67%.
Analysts Set New Price Targets
EQX has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. National Bank Financial lifted their price target on shares of 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. Finally, Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a "hold" rating to an "outperform" rating and lifted their price target for the company from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Equinox Gold has an average rating of "Buy" and an average target price of C$25.86.
View Our Latest Stock Report on Equinox Gold
About Equinox Gold
(
Get Free Report)
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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