Brokers Issue Forecasts for Equinox Gold Corp.’s FY2024 Earnings (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Equinox Gold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.10 per share for the year, up from their previous forecast of $0.07. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.05. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. The business had revenue of C$405.46 million during the quarter.

Separately, Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

Equinox Gold Trading Up 0.8 %

Shares of EQX stock opened at C$7.82 on Monday. The firm has a 50-day moving average price of C$7.11 and a 200 day moving average price of C$6.62. Equinox Gold has a twelve month low of C$5.36 and a twelve month high of C$8.79. The company has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 65.17 and a beta of 0.93. The company has a current ratio of 1.74, a quick ratio of 1.31 and a debt-to-equity ratio of 41.06.

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.