Equinox Gold Corp. Expected to Earn FY2024 Earnings of $0.43 Per Share (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Desjardins raised their FY2024 earnings per share (EPS) estimates for shares of Equinox Gold in a research note issued to investors on Sunday, April 28th. Desjardins analyst J. Sclodnick now forecasts that the company will post earnings per share of $0.43 for the year, up from their previous estimate of $0.01. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share. Desjardins also issued estimates for Equinox Gold’s FY2025 earnings at $1.06 EPS and FY2026 earnings at $0.74 EPS.

Separately, National Bank Financial raised Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research note on Friday, April 26th.

Equinox Gold Stock Down 4.8 %

Shares of EQX stock opened at $5.41 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.78 billion, a P/E ratio of 113.60 and a beta of 1.32. Equinox Gold has a one year low of $3.95 and a one year high of $6.50.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQX. &PARTNERS acquired a new position in shares of Equinox Gold during the first quarter worth about $60,000. Everett Harris & Co. CA bought a new position in Equinox Gold in the fourth quarter valued at approximately $52,000. Advisor Resource Council bought a new position in Equinox Gold in the first quarter valued at approximately $76,000. Parsons Capital Management Inc. RI bought a new position in Equinox Gold in the first quarter valued at approximately $90,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Equinox Gold in the fourth quarter valued at approximately $80,000. 38.85% of the stock is owned by institutional investors and hedge funds.

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.