Q1 2024 EPS Estimates for Equinox Gold Corp. Cut by Cormark (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Analysts at Cormark dropped their Q1 2024 earnings per share estimates for Equinox Gold in a report issued on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of $0.01. 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 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 company had revenue of C$405.46 million during the quarter.

Other equities analysts have also recently issued reports about the company. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th.

Equinox Gold Stock Performance

TSE EQX opened at C$7.21 on Wednesday. Equinox Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.79. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 60.08 and a beta of 0.93. The business has a fifty day moving average of C$7.14 and a 200-day moving average of C$6.63. The company has a quick ratio of 1.31, a current ratio of 1.74 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.