Cormark Has Negative Outlook of Equinox Gold Q4 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Investment analysts at Cormark decreased their Q4 2024 earnings estimates for Equinox Gold in a research note issued to investors on Monday, October 21st. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.23. The consensus estimate for Equinox Gold’s current full-year earnings is $0.41 per share.

Equinox Gold Trading Up 2.3 %

EQX stock opened at $6.02 on Thursday. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.03 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The firm had revenue of $269.43 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kings Path Partners LLC bought a new position in shares of Equinox Gold during the 2nd quarter valued at $27,000. Continuum Advisory LLC bought a new position in shares of Equinox Gold during the 2nd quarter valued at $29,000. Joel Isaacson & Co. LLC bought a new position in Equinox Gold in the 3rd quarter worth $61,000. Veracity Capital LLC bought a new position in Equinox Gold in the 3rd quarter worth $61,000. Finally, Advisor Resource Council bought a new position in Equinox Gold in the 1st quarter worth $76,000. Institutional investors own 38.85% of the company’s stock.

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.