Equinox Gold (TSE:EQX) Price Target Raised to C$20.00

Equinox Gold (TSE:EQX) had its price objective boosted by TD from C$18.00 to C$20.00 in a research note released on Thursday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on EQX. Scotiabank upgraded Equinox Gold to a “strong-buy” rating in a research report on Friday, August 7th. 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. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$24.50.

Equinox Gold Trading Up 2.3%

Shares of Equinox Gold stock opened at C$17.49 on Thursday. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. Equinox Gold has a 1 year low of C$11.91 and a 1 year high of C$25.87. The company has a market capitalization of C$20.42 billion, a P/E ratio of 16.19 and a beta of 3.35. The business has a 50 day moving average price of C$15.68 and a 200 day moving average price of C$17.20.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, August 5th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$1.09 billion for the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%. Sell-side analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0225 dividend. The ex-dividend date was Wednesday, August 19th. This is an increase from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 annualized dividend and a yield of 0.5%. Equinox Gold’s payout ratio is currently 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.