Cormark Has Pessimistic View of Equinox Gold FY2024 Earnings

Equinox Gold Corp. (TSE:EQX) – Research analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Equinox Gold in a research report issued on Monday, October 21st. Cormark analyst R. Gray now expects that the company will earn $0.37 per share for the year, down from their previous estimate of $0.51. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). The business had revenue of C$368.65 million during the quarter. Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%.

Equinox Gold Price Performance

Shares of TSE EQX opened at C$8.33 on Wednesday. The business has a 50-day moving average of C$7.88 and a 200-day moving average of C$7.67. Equinox Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.79. The company has a debt-to-equity ratio of 51.77, a current ratio of 1.10 and a quick ratio of 1.31. The stock has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 10.11 and a beta of 1.16.

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.