Cormark Equities Analysts Decrease Earnings Estimates for Equinox Gold Corp. (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Equities researchers at Cormark lowered their Q1 2024 earnings estimates for shares of Equinox Gold in a research note issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn ($0.04) per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.05. The company had revenue of C$405.46 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%.

Several other equities research analysts also recently weighed in on EQX. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$7.16 on Wednesday. The firm has a market cap of C$2.32 billion, a price-to-earnings ratio of 59.67 and a beta of 0.93. The company’s 50 day moving average is C$7.16 and its 200 day moving average is 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 has a 52-week low of C$5.36 and a 52-week high of C$8.79.

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.