Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Stock analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Equinox Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.25 per share for the year, up from their previous estimate of $0.24. The consensus estimate for Equinox Gold's current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Equinox Gold's Q4 2024 earnings at $0.20 EPS.
Other equities analysts also recently issued research reports about the company. TD Cowen assumed coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price on the stock. TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.
View Our Latest Analysis on EQX
Equinox Gold Price Performance
Shares of EQX traded down $0.23 during trading hours on Wednesday, reaching $6.78. The company's stock had a trading volume of 6,498,458 shares, compared to its average volume of 7,634,192. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.84 and a beta of 1.33. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $7.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.
Institutional Investors Weigh In On Equinox Gold
Large investors have recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $38,000. Hobbs Group Advisors LLC bought a new stake in Equinox Gold during the third quarter worth approximately $43,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Equinox Gold during the fourth quarter worth approximately $50,000. Gamco Investors INC. ET AL bought a new stake in Equinox Gold during the fourth quarter worth approximately $56,000. Finally, Kiker Wealth Management LLC bought a new stake in Equinox Gold during the fourth quarter worth approximately $58,000. Institutional investors own 38.85% of the company's stock.
About Equinox Gold
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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.
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