Cormark Issues Optimistic Forecast for Equinox Gold Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Research analysts at Cormark upped their Q1 2025 EPS estimates for shares of Equinox Gold in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.11. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share.

Other analysts have also recently issued research reports about the stock. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Cowen started coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company. Finally, TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.

Equinox Gold Trading Down 3.0 %

EQX opened at $6.82 on Wednesday. The firm has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $6.00. Equinox Gold has a fifty-two week low of $4.48 and a fifty-two week high of $7.45. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 12.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Hedge Funds Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in EQX. Tobam bought a new position in Equinox Gold in the first quarter valued at approximately $29,000. Continuum Advisory LLC lifted its position in Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after acquiring an additional 2,620 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Equinox Gold in the 4th quarter worth $38,000. BNP Paribas Financial Markets bought a new position in Equinox Gold during the 4th quarter worth about $47,000. Finally, Synovus Financial Corp acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at about $61,000. 38.85% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.