Equinox Gold Corp. (TSE:EQX) Raises Dividend to $0.02 Per Share

Equinox Gold Corp. (TSE:EQX) announced a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.0225 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, August 19th. This is a 50.0% increase from Equinox Gold’s previous quarterly dividend of $0.01.

Equinox Gold Price Performance

Shares of TSE:EQX opened at C$16.10 on Monday. The firm has a market capitalization of C$18.80 billion, a PE ratio of 14.91 and a beta of 3.07. Equinox Gold has a 1 year low of C$10.46 and a 1 year high of C$25.87. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The firm’s 50-day moving average is C$14.07 and its two-hundred day moving average is C$17.96.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$1.09 billion during the quarter. Equinox Gold had a net margin of 26.36% and a return on equity of 13.85%. Analysts predict that Equinox Gold will post 1.3865979 EPS for the current year.

Wall Street Analysts Forecast Growth

EQX has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reduced their target price on shares of Equinox Gold from C$31.00 to C$27.00 in a report on Thursday, July 16th. TD decreased their price target on shares of Equinox Gold from C$23.00 to C$20.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Finally, Scotiabank upgraded shares of Equinox Gold to a “strong-buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, Equinox Gold currently has an average rating of “Buy” and an average target price of C$24.50.

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.