Equinox Gold (TSE:EQX) Insider Purchases C$100,800.00 in Stock

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

Equinox Gold Trading Up 6.3%

Shares of EQX stock opened at C$15.67 on Tuesday. Equinox Gold Corp. has a 12-month low of C$7.71 and a 12-month high of C$25.87. The company has a market capitalization of C$12.37 billion, a P/E ratio of 17.41 and a beta of 2.96. The firm has a 50-day moving average price of C$18.44 and a 200 day moving average price of C$19.79. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.39 earnings per share (EPS) for the quarter. Equinox Gold had a net margin of 21.78% and a return on equity of 10.88%. The firm had revenue of C$1.20 billion during the quarter. Research analysts forecast that Equinox Gold Corp. will post 1.3865979 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, June 5th were paid a $0.015 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Equinox Gold’s payout ratio is currently 1.67%.

Wall Street Analyst Weigh In

EQX has been the subject of a number of research analyst reports. National Bank Financial boosted their target price on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$26.50 to C$32.00 in a research note on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$25.86.

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.