Analysts Issue Forecasts for Equinox Gold Q3 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for Equinox Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.05 for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $269.43 million for the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%.

Equinox Gold Trading Down 3.8 %

EQX opened at $5.63 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 11.26 and a beta of 1.31. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Donald Smith & CO. Inc. increased its position in shares of Equinox Gold by 35.5% in the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after buying an additional 4,727,570 shares in the last quarter. Joel Isaacson & Co. LLC purchased a new stake in Equinox Gold in the 3rd quarter worth $61,000. Builder Investment Group Inc. ADV raised its position in Equinox Gold by 2.4% during the third quarter. Builder Investment Group Inc. ADV now owns 1,044,584 shares of the company’s stock worth $6,362,000 after acquiring an additional 24,200 shares during the period. Bayshore Asset Management LLC purchased a new position in Equinox Gold during the third quarter valued at $365,000. Finally, Veracity Capital LLC acquired a new stake in shares of Equinox Gold in the third quarter valued at about $61,000. 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.