Brokers Set Expectations for Equinox Gold Corp.’s Q4 2023 Earnings (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQXFree Report) – Stock analysts at National Bank Financial issued their Q4 2023 earnings per share estimates for Equinox Gold in a research report issued to clients and investors on Monday, February 5th. National Bank Financial analyst D. Demarco anticipates that the company will post earnings per share of ($0.03) for the quarter. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.02 per share. National Bank Financial also issued estimates for Equinox Gold’s FY2024 earnings at $0.08 EPS.

Separately, Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Check Out Our Latest Report on EQX

Equinox Gold Stock Down 2.5 %

EQX stock opened at $4.36 on Thursday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 74.50 and a beta of 1.30. Equinox Gold has a 12 month low of $3.38 and a 12 month high of $5.84. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40.

Institutional Trading of Equinox Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG acquired a new stake in shares of Equinox Gold in the fourth quarter valued at about $41,000. Cibc World Markets Corp purchased a new stake in shares of Equinox Gold in the second quarter valued at approximately $46,000. Evergreen Capital Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $49,000. Everett Harris & Co. CA purchased a new position in Equinox Gold during the fourth quarter worth approximately $52,000. Finally, Terril Brothers Inc. acquired a new stake in shares of Equinox Gold in the 2nd quarter worth $55,000. 31.61% of the stock is currently owned by hedge funds and other institutional investors.

About Equinox Gold

(Get Free Report)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interest in the Mesquite Gold Mine and Castle Mountain Gold Mine located in California, the United States; Los Filos Mine Complex located in Guerrero State, Mexico; Aurizona Gold Mine located in Maranhão State, Brazil; Fazenda Gold Mine and Santa Luz Gold Mine located in Bahia State, Brazil; and RDM Gold Mine located in Mina Gerais State, Brazil.

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