Equinox Gold Corp. (TSE:EQX) to Post Q2 2024 Earnings of $0.11 Per Share, Cormark Forecasts

Equinox Gold Corp. (TSE:EQX) – Investment analysts at Cormark issued their Q2 2024 earnings per share estimates for Equinox Gold in a research report issued on Monday, April 29th. Cormark analyst R. Gray expects that the company will post earnings of $0.11 per share for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.37 per share. Cormark also issued estimates for Equinox Gold’s Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.27 EPS and FY2024 earnings at $0.57 EPS.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, beating the consensus estimate of C($0.04) by C$0.05. The business had revenue of C$405.46 million during the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%.

EQX has been the subject of several other reports. National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Stock Down 0.8 %

Shares of EQX opened at C$7.40 on Thursday. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74. Equinox Gold has a 52 week low of C$5.36 and a 52 week high of C$8.79. The stock has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 62.25 and a beta of 1.08. The stock has a fifty day moving average of C$7.30 and a 200-day moving average of C$6.69.

About Equinox Gold

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.