Analysts Offer Predictions for Equinox Gold Q3 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Stock analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of Equinox Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.05 for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The business had revenue of $269.43 million for the quarter.

Equinox Gold Stock Performance

EQX opened at $5.63 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of 11.26 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.45 and a current ratio of 1.10. Equinox Gold has a 52-week low of $3.95 and a 52-week high of $6.50.

Institutional Investors Weigh In On Equinox Gold

Large investors have recently made changes to their positions in the stock. Kings Path Partners LLC acquired a new stake in Equinox Gold during the 2nd quarter worth about $27,000. Continuum Advisory LLC acquired a new stake in shares of Equinox Gold during the second quarter worth about $29,000. Joel Isaacson & Co. LLC purchased a new stake in Equinox Gold in the third quarter valued at approximately $61,000. Veracity Capital LLC acquired a new position in Equinox Gold in the 3rd quarter worth approximately $61,000. Finally, Advisor Resource Council purchased a new position in Equinox Gold during the 1st quarter worth approximately $76,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

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.