Equinox Gold Corp. (TSE:EQX) Expected to Post Q1 2024 Earnings of ($0.08) Per Share

Equinox Gold Corp. (TSE:EQXFree Report) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for Equinox Gold in a report released on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will earn ($0.08) per share for the quarter. Desjardins has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Separately, National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

View Our Latest Research Report on Equinox Gold

Equinox Gold Stock Performance

TSE:EQX opened at C$7.56 on Thursday. The company’s 50-day moving average price is C$7.18 and its 200-day moving average price is C$6.65. The company has a current ratio of 1.74, a quick ratio of 1.31 and a debt-to-equity ratio of 41.06. The company has a market cap of C$2.45 billion, a P/E ratio of 63.00 and a beta of 0.93. Equinox Gold has a twelve month low of C$5.36 and a twelve month high of C$8.79.

Equinox Gold (TSE:EQXGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.04) by C$0.05. The firm 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%.

About Equinox Gold

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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.

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