Insider Buying: Equinox Gold (TSE:EQX) Director Purchases C$35,710.76 in Stock

Equinox Gold Corp. (TSE:EQX) Director Lenard Boggio bought 1,922 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of C$18.58 per share, with a total value of C$35,710.76. Following the completion of the purchase, the director directly owned 76,069 shares of the company’s stock, valued at C$1,413,362.02. This represents a 2.59% increase in their position.

Equinox Gold Price Performance

Shares of EQX stock opened at C$18.25 on Monday. The company’s fifty day simple moving average is C$19.81 and its two-hundred day simple moving average is C$19.85. Equinox Gold Corp. has a 52 week low of C$7.71 and a 52 week high of C$25.87. The stock has a market cap of C$14.40 billion, a P/E 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 issued its quarterly earnings data 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. Analysts predict that Equinox Gold Corp. will post 1.3865979 EPS 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. Shareholders 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 yield of 0.3%. The ex-dividend date is Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 1.67%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EQX shares. TD Securities upped their price objective on Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$26.50 to C$32.00 in a research report on Tuesday, February 24th. Stifel Nicolaus upped their price target on shares of Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. Finally, National Bank Financial increased their price objective 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, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.