FY2024 EPS Estimate for Equinox Gold Lifted by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Stock analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Equinox Gold in a research note issued on Tuesday, November 12th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.24 per share for the year, up from their previous estimate of $0.18. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share.

Equinox Gold Trading Up 0.2 %

Shares of EQX opened at $5.19 on Friday. The stock has a market capitalization of $2.36 billion, a PE ratio of 103.60 and a beta of 1.31. Equinox Gold has a fifty-two week low of $3.95 and a fifty-two week high of $6.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business’s revenue was up 50.5% on a year-over-year basis.

Hedge Funds Weigh In On Equinox Gold

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in Equinox Gold by 1.9% during the first quarter. SG Americas Securities LLC now owns 140,710 shares of the company’s stock worth $847,000 after purchasing an additional 2,566 shares during the period. Russell Investments Group Ltd. boosted its position in Equinox Gold by 13.1% during the first quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company’s stock worth $17,841,000 after purchasing an additional 341,632 shares during the period. Vanguard Group Inc. boosted its position in Equinox Gold by 9.9% during the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock worth $63,325,000 after purchasing an additional 943,855 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Equinox Gold by 9.6% in the first quarter. Donald Smith & CO. Inc. now owns 10,449,810 shares of the company’s stock valued at $62,908,000 after acquiring an additional 919,499 shares during the period. Finally, Shell Asset Management Co. boosted its position in shares of Equinox Gold by 92.4% in the first quarter. Shell Asset Management Co. now owns 1,118,137 shares of the company’s stock valued at $6,751,000 after acquiring an additional 536,905 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.