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

Key Points

• Equinox Gold raised its quarterly dividend to C$0.0225 per share from C$0.01, implying an annualized yield of approximately 0.6%. The ex-dividend date is August 19, with shareholders of record on September 2.
• The company reported quarterly EPS of C$0.21 on revenue of C$1.09 billion, alongside a 13.85% return on equity and a 26.36% net margin.
• Analyst sentiment remains positive, with an overall “Buy” rating and a consensus price target of C$24.50, despite some analysts recently lowering their targets.

Equinox Gold Corp. (TSE:EQX - Get Free Report) announced a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Investors of record on Wednesday, September 2nd will be given 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

EQX stock opened at C$16.10 on Monday. Equinox Gold has a fifty-two week low of C$10.46 and a fifty-two week high of C$25.87. The business's 50-day moving average is C$14.07 and its two-hundred day moving average is C$17.96. The company has a debt-to-equity ratio of 9.15, a quick ratio of 1.31 and a current ratio of 1.33. The company has a market cap of C$18.80 billion, a price-to-earnings ratio of 14.91 and a beta of 3.07.

Equinox Gold (TSE:EQX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%.The business had revenue of C$1.09 billion during the quarter. As a group, analysts forecast that Equinox Gold will post 1.3865979 earnings per share for the current year.

Analyst Ratings Changes

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

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.

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