FY2024 Earnings Estimate for Equinox Gold Corp. (TSE:EQX) Issued By Desjardins

Equinox Gold Corp. (TSE:EQX) – Stock analysts at Desjardins boosted their FY2024 EPS estimates for shares of Equinox Gold in a note issued to investors on Sunday, April 28th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings per share of $0.59 for the year, up from their prior estimate of $0.01. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.37 per share. Desjardins also issued estimates for Equinox Gold’s FY2025 earnings at $1.45 EPS and FY2026 earnings at $1.01 EPS.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, beating 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.

Separately, National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th.

Equinox Gold Stock Down 0.5 %

Shares of EQX opened at C$7.46 on Wednesday. Equinox Gold has a 52 week low of C$5.36 and a 52 week high of C$8.79. The firm has a market capitalization of C$2.88 billion, a P/E ratio of 62.17 and a beta of 1.08. The company has a 50-day simple moving average of C$7.26 and a 200-day simple moving average of C$6.69. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74.

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.