Equinox Gold Corp. Announces Quarterly Dividend of $0.02 (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) announced a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Investors of record on Friday, June 5th will be paid a dividend of 0.015 per share on Friday, June 5th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, May 21st.

Equinox Gold Price Performance

Shares of TSE:EQX opened at C$18.25 on Tuesday. The business has a 50 day moving average price of C$19.73 and a 200 day moving average price of C$19.87. Equinox Gold has a twelve month low of C$7.71 and a twelve month high of C$25.87. The company has a market cap of C$14.40 billion, a price-to-earnings ratio of 20.28 and a beta of 2.87. The company has a quick ratio of 1.31, a current ratio of 1.24 and a debt-to-equity ratio of 10.04.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share 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. Research analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current year.

Analysts Set New Price Targets

EQX has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on Equinox Gold from C$25.00 to C$31.00 in a research report on Tuesday, February 10th. TD Securities raised their price objective on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$26.50 to C$32.00 in a research report on Tuesday, February 24th. Finally, 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 research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Equinox Gold currently has an average rating of “Buy” and an average 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.