FY2024 Earnings Forecast for Equinox Gold Issued By Cormark

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at Cormark reduced their FY2024 earnings per share (EPS) estimates for Equinox Gold in a report released on Friday, November 8th. Cormark analyst R. Gray now forecasts that the company will earn $0.24 per share for the year, down from their previous estimate of $0.27. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.73%. The company’s quarterly revenue was up 50.5% on a year-over-year basis.

Equinox Gold Stock Down 4.4 %

EQX stock opened at $5.20 on Monday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 11.10 and a beta of 1.31. Equinox Gold has a one year low of $3.95 and a one year high of $6.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45.

Institutional Trading of Equinox Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kings Path Partners LLC acquired a new stake in Equinox Gold in the second quarter valued at about $27,000. Continuum Advisory LLC acquired a new stake in shares of Equinox Gold in the 2nd quarter valued at approximately $29,000. Veracity Capital LLC bought a new stake in shares of Equinox Gold during the 3rd quarter valued at approximately $61,000. Joel Isaacson & Co. LLC acquired a new position in Equinox Gold during the 3rd quarter worth approximately $61,000. Finally, Evergreen Capital Management LLC lifted its stake in Equinox Gold by 30.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds 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.