What is Cormark’s Estimate for Equinox Gold FY2024 Earnings?

Equinox Gold Corp. (TSE:EQX) – Research analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Equinox Gold in a research note issued on Monday, October 21st. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.37 per share for the year, down from their previous estimate of $0.51. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Equinox Gold (TSE:EQX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%. The business had revenue of C$368.65 million during the quarter.

Equinox Gold Price Performance

Shares of EQX opened at C$8.33 on Wednesday. The company has a market cap of C$3.78 billion, a P/E ratio of 10.11 and a beta of 1.16. The stock has a fifty day moving average price of C$7.88 and a 200 day moving average price of C$7.67. Equinox Gold has a 12 month low of C$5.36 and a 12 month high of C$8.79. The company has a debt-to-equity ratio of 51.77, a current ratio of 1.10 and a quick ratio of 1.31.

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.