Equinox Gold (TSE:EQX) Insider Daniella Elena Dimitrov Acquires 7,000 Shares

Equinox Gold Corp. (TSE:EQX) insider Daniella Elena Dimitrov bought 7,000 shares of Equinox Gold stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of C$14.40 per share, with a total value of C$100,800.00. Following the acquisition, the insider directly owned 109,199 shares in the company, valued at C$1,572,465.60. This trade represents a 6.85% increase in their position.

Equinox Gold Stock Performance

Shares of EQX stock traded up C$0.42 during midday trading on Friday, hitting C$14.74. 3,826,525 shares of the company were exchanged, compared to its average volume of 3,624,461. The firm has a market capitalization of C$11.63 billion, a P/E ratio of 16.38 and a beta of 2.96. The company has a debt-to-equity ratio of 10.04, a quick ratio of 1.31 and a current ratio of 1.24. The firm’s 50 day moving average price is C$18.53 and its two-hundred day moving average price is C$19.80. Equinox Gold Corp. has a 52 week low of C$7.71 and a 52 week high of C$25.87.

Equinox Gold (TSE:EQX) last announced its 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 net margin of 21.78% and a return on equity of 10.88%. As a group, equities research analysts anticipate that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$26.50 to C$32.00 in a report on Tuesday, February 24th. National Bank Financial boosted their target price on shares of Equinox Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$25.86.

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.