Analysts Offer Predictions for Equinox Gold Corp.’s Q2 2024 Earnings (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Investment analysts at Cormark issued their Q2 2024 earnings estimates for Equinox Gold in a research report issued to clients and investors on Monday, April 29th. Cormark analyst R. Gray expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Equinox Gold’s Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.42 EPS.

A number of other analysts have also recently weighed in on the stock. National Bank Financial raised shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

Equinox Gold Stock Down 1.3 %

EQX stock opened at $5.38 on Thursday. 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 fifty-two week low of $3.95 and a fifty-two week high of $6.50. The stock has a market capitalization of $2.08 billion, a P/E ratio of 59.78 and a beta of 1.33.

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, topping 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 business had revenue of $297.80 million for the quarter.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its position in Equinox Gold by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock valued at $907,000 after buying an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Equinox Gold by 6.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock valued at $404,000 after buying an additional 6,021 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Equinox Gold by 6.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock valued at $601,000 after purchasing an additional 6,400 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Equinox Gold by 63.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after purchasing an additional 6,755 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Equinox Gold by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock valued at $1,661,000 after purchasing an additional 7,914 shares in the last quarter. 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.