FY2024 EPS Estimates for Equinox Gold Increased by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Investment analysts at National Bank Financial upped their FY2024 EPS estimates for shares of Equinox Gold in a note issued to investors on Tuesday, November 12th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.24 per share for the year, up from their previous estimate of $0.18. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year.

Equinox Gold Stock Down 0.4 %

NYSEAMERICAN EQX opened at $5.17 on Friday. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 10.67 and a beta of 1.31.

Hedge Funds Weigh In On Equinox Gold

Institutional investors have recently modified their holdings of the stock. Kings Path Partners LLC bought a new position in Equinox Gold during the second quarter worth about $27,000. Continuum Advisory LLC bought a new position in shares of Equinox Gold during the 2nd quarter worth approximately $29,000. Veracity Capital LLC bought a new stake in Equinox Gold in the 3rd quarter valued at $61,000. Joel Isaacson & Co. LLC acquired a new stake in Equinox Gold during the 3rd quarter valued at $61,000. Finally, Evergreen Capital Management LLC increased its holdings in shares of Equinox Gold by 30.2% in the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after purchasing an additional 5,000 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.