FY2024 EPS Estimate for Equinox Gold Lifted by Analyst

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

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $5.19 on Friday. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.36 billion, a P/E ratio of 103.60 and a beta of 1.31.

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

Institutional Investors Weigh In On Equinox Gold

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