Ryan King Acquires 3,000 Shares of Equinox Gold (TSE:EQX) Stock

Equinox Gold Corp. (TSE:EQX) insider Ryan King bought 3,000 shares of the stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of C$16.96 per share, for a total transaction of C$50,880.00. Following the purchase, 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 Trading Down 1.3%

TSE:EQX opened at C$16.75 on Friday. The stock has a market cap of C$13.22 billion, a PE ratio of 18.61 and a beta of 2.87. The stock’s 50-day moving average is C$19.29 and its two-hundred day moving average is C$19.88. Equinox Gold Corp. has a fifty-two week low of C$7.71 and a fifty-two week high of C$25.87. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.24 and a quick ratio of 1.31.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.20 billion during the quarter. Equinox Gold had a return on equity of 10.88% and a net margin of 21.78%. As a group, equities research analysts forecast that Equinox Gold Corp. will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Equinox Gold’s payout ratio is presently 1.67%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EQX shares. National Bank Financial boosted their price target on 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. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus boosted their price target on Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.