Cormark Analysts Lift Earnings Estimates for Equinox Gold

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Investment analysts at Cormark lifted their Q2 2025 earnings per share estimates for Equinox Gold in a research note issued on Monday, May 12th. Cormark analyst R. Gray now expects that the company will earn $0.24 per share for the quarter, up from their prior estimate of $0.17. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share. Cormark also issued estimates for Equinox Gold’s Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $0.98 EPS, FY2026 earnings at $1.37 EPS and FY2027 earnings at $1.45 EPS.

A number of other brokerages have also recently issued reports on EQX. National Bank Financial upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st. TD Securities upgraded Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a “hold” rating and a $35.00 price target on the stock.

Equinox Gold Price Performance

Shares of EQX opened at $5.98 on Thursday. The firm’s 50-day simple moving average is $6.62 and its two-hundred day simple moving average is $6.06. Equinox Gold has a fifty-two week low of $4.48 and a fifty-two week high of $7.45. The stock has a market cap of $2.72 billion, a PE ratio of 11.07 and a beta of 1.33. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. The business had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The firm’s revenue was up 75.6% compared to the same quarter last year.

Institutional Investors Weigh In On Equinox Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Veracity Capital LLC grew its position in Equinox Gold by 14.2% in the first quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock worth $87,000 after acquiring an additional 1,564 shares in the last quarter. Rathbones Group PLC increased its position in shares of Equinox Gold by 1.7% during the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock valued at $743,000 after purchasing an additional 1,825 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Equinox Gold by 3.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company’s stock worth $308,000 after buying an additional 1,956 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after buying an additional 1,990 shares during the period. Finally, Continuum Advisory LLC increased its position in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after acquiring an additional 2,620 shares during the last quarter. Institutional investors 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.