Brokers Set Expectations for Equinox Gold Corp.’s FY2024 Earnings (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities research analysts at National Bank Financial increased their FY2024 EPS estimates for Equinox Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $0.07 for the year, up from their previous estimate of $0.05. 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 $0.12 per share.

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

Equinox Gold Price Performance

EQX opened at $5.67 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50. The firm has a market cap of $1.87 billion, a P/E ratio of 62.94 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The company had revenue of $297.80 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EQX. Everett Harris & Co. CA acquired a new position in Equinox Gold during the fourth quarter worth $52,000. &PARTNERS bought a new stake in shares of Equinox Gold during the 1st quarter worth about $60,000. Advisor Resource Council acquired a new position in shares of Equinox Gold during the 1st quarter valued at about $76,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Equinox Gold in the 4th quarter valued at approximately $80,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Equinox Gold in the 3rd quarter worth approximately $84,000. 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.