Equinox Gold Corp. (TSE:EQX) Stock Has Consensus Price Target of C$24.50 According to Analysts

Equinox Gold Corp. (TSE:EQX) has earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$24.50.

Several equities analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce lowered their price objective on shares of Equinox Gold from C$31.00 to C$27.00 in a research note on Thursday, July 16th. TD boosted their target price on shares of Equinox Gold from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Finally, Scotiabank raised shares of Equinox Gold to a “strong-buy” rating in a research note on Friday, August 7th.

Equinox Gold Price Performance

TSE:EQX opened at C$16.32 on Wednesday. The business’s 50-day moving average price is C$16.71 and its 200 day moving average price is C$16.69. The firm has a market cap of C$19.05 billion, a P/E ratio of 15.11 and a beta of 3.28. Equinox Gold has a 52-week low of C$11.91 and a 52-week high of C$25.87. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 9.15.

Equinox Gold (TSE:EQX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. The firm had revenue of C$1.09 billion for the quarter. As a group, sell-side analysts predict that Equinox Gold will post 1.39 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a $0.0225 dividend. This represents a $0.09 annualized dividend and a yield of 0.6%. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.0150. The ex-dividend date was Wednesday, August 19th. Equinox Gold’s dividend payout ratio (DPR) is presently 2.78%.

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.