Brokers Offer Predictions for Equinox Gold FY2024 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at Scotiabank lowered their FY2024 earnings estimates for Equinox Gold in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.22 per share for the year, down from their prior estimate of $0.56. The consensus estimate for Equinox Gold’s current full-year earnings is $0.43 per share. Scotiabank also issued estimates for Equinox Gold’s FY2025 earnings at $0.49 EPS and FY2026 earnings at $0.73 EPS.

Equinox Gold Stock Performance

Equinox Gold stock opened at $6.10 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The company has a market capitalization of $2.78 billion, a PE ratio of 12.45 and a beta of 1.31. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $428.40 million for 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 0.69%. The business’s revenue was up 50.5% on a year-over-year basis.

Hedge Funds Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in Equinox Gold in the 3rd quarter valued at about $43,000. Veracity Capital LLC acquired a new position in Equinox Gold in the third quarter valued at approximately $61,000. Joel Isaacson & Co. LLC acquired a new stake in Equinox Gold during the third quarter worth $61,000. Synovus Financial Corp purchased a new stake in Equinox Gold in the third quarter valued at $61,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Equinox Gold during the 3rd quarter worth $110,000. Hedge funds and other institutional investors 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.