Cormark Has Pessimistic View of Equinox Gold FY2024 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities research analysts at Cormark dropped their FY2024 earnings estimates for Equinox Gold in a report issued on Monday, October 21st. Cormark analyst R. Gray now anticipates that the company will earn $0.27 per share for the year, down from their prior estimate of $0.37. The consensus estimate for Equinox Gold’s current full-year earnings is $0.41 per share.

Equinox Gold Trading Up 2.3 %

Shares of EQX stock opened at $6.02 on Wednesday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.03 and a beta of 1.31. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. Equinox Gold has a 52-week low of $3.95 and a 52-week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $269.43 million during the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%.

Hedge Funds Weigh In On Equinox Gold

Several institutional investors have recently bought and sold shares of EQX. Banque Cantonale Vaudoise grew its stake in shares of Equinox Gold by 63.0% during the first quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after buying an additional 6,755 shares during the last quarter. &PARTNERS bought a new stake in shares of Equinox Gold during the first quarter worth $60,000. Synergy Asset Management LLC purchased a new stake in shares of Equinox Gold during the first quarter valued at $222,000. Advisor Resource Council bought a new position in shares of Equinox Gold in the first quarter worth about $76,000. Finally, Privium Fund Management B.V. increased its stake in Equinox Gold by 63.8% in the 1st quarter. Privium Fund Management B.V. now owns 63,691 shares of the company’s stock worth $383,000 after buying an additional 24,801 shares during the period. Institutional investors own 38.85% of the company’s stock.

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.