Q1 2024 EPS Estimates for Equinox Gold Corp. Decreased by Cormark (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities researchers at Cormark decreased their Q1 2024 earnings per share estimates for shares of Equinox Gold in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their prior estimate of $0.01. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share.

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

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $5.25 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.50. The firm has a market cap of $1.73 billion, a P/E ratio of 58.33 and a beta of 1.32.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EQX. U S Global Investors Inc. bought a new position in shares of Equinox Gold in the 1st quarter worth about $1,204,000. Parsons Capital Management Inc. RI bought a new position in shares of Equinox Gold in the 1st quarter worth about $90,000. Advisor Resource Council bought a new position in shares of Equinox Gold in the 1st quarter worth about $76,000. Synergy Asset Management LLC bought a new position in shares of Equinox Gold in the 1st quarter worth about $222,000. Finally, &PARTNERS bought a new position in shares of Equinox Gold in the 1st quarter worth about $60,000. 38.85% of the stock is owned by institutional investors and hedge funds.

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.