FY2024 EPS Estimates for Equinox Gold Corp. Raised by National Bank Financial (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Equinox Gold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.10 per share for the year, up from their prior forecast of $0.07. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.05. The firm had revenue of C$405.46 million for the quarter. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%.

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

Equinox Gold Price Performance

TSE:EQX opened at C$7.76 on Monday. The business’s 50-day moving average price is C$7.07 and its 200 day moving average price is C$6.61. The firm has a market cap of C$2.51 billion, a P/E ratio of 64.67 and a beta of 0.93. Equinox Gold has a 52-week low of C$5.36 and a 52-week high of C$8.79. 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 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.