FY2025 EPS Estimates for Equinox Gold Cut by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Investment analysts at National Bank Financial lowered their FY2025 earnings estimates for shares of Equinox Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.95 per share for the year, down from their prior estimate of $1.04. The consensus estimate for Equinox Gold's current full-year earnings is $0.36 per share.

Other analysts also recently issued research reports about the company. TD Cowen initiated coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company. TD Securities raised shares of Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.

Equinox Gold Stock Performance

Equinox Gold stock traded down $0.23 during mid-day trading on Thursday, hitting $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 PE ratio of 13.84 and a beta of 1.33. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $7.09. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Equinox Gold by 7.7% in the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock valued at $247,549,000 after acquiring an additional 2,954,174 shares during the period. Donald Smith & CO. Inc. increased its position in shares of Equinox Gold by 49.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock valued at $135,540,000 after purchasing an additional 8,949,544 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Equinox Gold by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock worth $69,626,000 after purchasing an additional 236,455 shares during the period. Maple Rock Capital Partners Inc. grew its position in Equinox Gold by 34.4% during the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock valued at $55,842,000 after buying an additional 2,349,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Equinox Gold by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after buying an additional 750,300 shares during the period. 38.85% of the stock is currently owned by hedge funds and other 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.