FY2024 EPS Forecast for Equinox Gold Boosted by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - National Bank Financial boosted their FY2024 earnings estimates for shares of Equinox Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.24 for the year, up from their previous forecast of $0.18. The consensus estimate for Equinox Gold's current full-year earnings is $0.36 per share.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $428.40 million for the quarter, compared to the consensus estimate 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 for the quarter was up 50.5% on a year-over-year basis.

Equinox Gold Stock Down 0.4 %

Shares of EQX stock traded down $0.02 on Friday, hitting $5.17. 3,509,110 shares of the stock traded hands, compared to its average volume of 3,144,645. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 10.67 and a beta of 1.31. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.50. 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 Trading of Equinox Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maple Rock Capital Partners Inc. purchased a new position in shares of Equinox Gold during the 1st quarter worth about $29,741,000. Donald Smith & CO. Inc. boosted its position in Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company's stock valued at $109,927,000 after buying an additional 4,727,570 shares during the period. Van ECK Associates Corp grew its stake in Equinox Gold by 10.5% in the 2nd quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company's stock worth $199,609,000 after acquiring an additional 3,628,998 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company's stock worth $46,732,000 after acquiring an additional 3,162,992 shares during the period. Finally, Gemsstock Ltd. purchased a new stake in shares of Equinox Gold in the second quarter valued at approximately $13,045,000. 38.85% of the stock is currently owned by institutional investors.

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.