Brokers Offer Predictions for Equinox Gold FY2024 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities researchers at National Bank Financial boosted their FY2024 EPS estimates for shares of Equinox Gold in a note issued to investors 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 (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. Equinox Gold’s revenue was up 50.5% compared to the same quarter last year.

Equinox Gold Stock Down 0.4 %

Shares of Equinox Gold stock opened at $5.17 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.35 billion, a PE ratio of 10.67 and a beta of 1.31. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQX. SG Americas Securities LLC grew its holdings in shares of Equinox Gold by 1.9% in 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 last quarter. Russell Investments Group Ltd. boosted its stake in Equinox Gold by 13.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company’s stock valued at $17,841,000 after purchasing an additional 341,632 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Equinox Gold by 9.9% in the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock worth $63,325,000 after acquiring an additional 943,855 shares during the period. Donald Smith & CO. Inc. grew its holdings 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 worth $62,908,000 after acquiring an additional 919,499 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of Equinox Gold by 92.4% in the 1st quarter. Shell Asset Management Co. now owns 1,118,137 shares of the company’s stock worth $6,751,000 after purchasing an additional 536,905 shares during the period. 38.85% of the stock is owned by institutional investors.

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.