Brokers Issue Forecasts for Equinox Gold Corp.’s FY2024 Earnings (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Equinox Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.10 per share for the year, up from their previous estimate 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 issued its quarterly earnings results 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. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. The firm had revenue of C$405.46 million during the quarter.

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

Equinox Gold Stock Performance

EQX opened at C$7.82 on Monday. Equinox Gold has a 12-month low of C$5.36 and a 12-month high of C$8.79. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of 65.17 and a beta of 0.93. The business has a 50 day moving average of C$7.11 and a 200-day moving average of C$6.62. 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.