Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Analysts at Scotiabank lowered their FY2024 EPS estimates for shares of Equinox Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $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 (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The business had revenue of $428.40 million during the quarter, compared to analysts' expectations of $437.84 million. The company's revenue for the quarter was up 50.5% on a year-over-year basis.
Equinox Gold Stock Performance
NYSEAMERICAN EQX traded down $0.27 on Monday, hitting $5.83. The stock had a trading volume of 6,555,258 shares, compared to its average volume of 7,199,627. The stock has a market capitalization of $2.65 billion, a PE ratio of 11.90 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 Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold in the 3rd quarter worth approximately $43,000. Joel Isaacson & Co. LLC purchased a new stake in Equinox Gold during the third quarter valued at about $61,000. Synovus Financial Corp bought a new position in shares of Equinox Gold during the third quarter valued at about $61,000. Veracity Capital LLC purchased a new position in shares of Equinox Gold in the third quarter worth about $61,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Equinox Gold in the 3rd quarter valued at about $110,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.
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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