FY2024 Earnings Estimate for Equinox Gold Corp. (NYSEAMERICAN:EQX) Issued By National Bank Financial

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for Equinox Gold in a research report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.07 per share for the year, up from their prior estimate of $0.05. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The firm had revenue of $297.80 million for the quarter.

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

Equinox Gold Stock Performance

Shares of EQX opened at $5.74 on Monday. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50. The firm has a market cap of $1.89 billion, a PE ratio of 63.72 and a beta of 1.31. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parsons Capital Management Inc. RI acquired a new position in Equinox Gold in the 1st quarter valued at $90,000. Advisor Resource Council acquired a new position in Equinox Gold in the 1st quarter valued at $76,000. Synergy Asset Management LLC acquired a new position in Equinox Gold in the 1st quarter valued at $222,000. &PARTNERS acquired a new position in Equinox Gold in the 1st quarter valued at $60,000. Finally, Banque Cantonale Vaudoise grew its stake in Equinox Gold by 63.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after buying an additional 6,755 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.