Equinox Gold (EQX) Set to Announce Quarterly Earnings on Wednesday

Equinox Gold (TSE:EQX) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Equinox Gold to post earnings of C($0.09) per share for the quarter.

Equinox Gold (TSE:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$405.46 million for the quarter.

Equinox Gold Price Performance

Equinox Gold stock opened at C$7.62 on Tuesday. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74. Equinox Gold has a one year low of C$5.36 and a one year high of C$8.79. The company has a market cap of C$2.94 billion, a P/E ratio of 63.50 and a beta of 1.08. The business has a fifty day moving average of C$7.34 and a two-hundred day moving average of C$6.71.

Wall Street Analyst Weigh In

EQX has been the topic of several recent analyst reports. National Bank Financial upgraded shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

About Equinox Gold

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.