FY2025 EPS Estimates for Equinox Gold Lifted by Analyst

Key Points

• National Bank Financial raised their FY2025 earnings estimate for Equinox Gold to $0.86 per share, slightly up from the previous estimate of $0.85.
• Equinox Gold received multiple upgrades from equities research analysts, with Cormark changing their rating from "hold" to "moderate buy" and TD Securities upgrading to a "strong-buy" rating.
• The company's stock rose by 2.0%, with a market capitalization of C$3.55 billion and a current trading price of C$11.02.

Equinox Gold Corp. (TSE:EQX - Free Report) - Investment analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of Equinox Gold in a research note issued to investors on Thursday, August 14th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.85. The consensus estimate for Equinox Gold's current full-year earnings is $1.39 per share.

A number of other research analysts have also recently commented on the company. TD Securities upgraded Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 16th. Cormark upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$11.00.

Equinox Gold Trading Up 1.8%

EQX traded up C$0.19 during trading hours on Monday, reaching C$10.92. The company's stock had a trading volume of 1,534,238 shares, compared to its average volume of 1,813,143. Equinox Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$11.27. The stock has a market cap of C$3.51 billion, a PE ratio of 11.58 and a beta of 1.16. The business's 50-day moving average is C$8.72 and its 200-day moving average is C$9.14. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.