Brokers Set Expectations for Equinox Gold Q2 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Stock analysts at National Bank Financial issued their Q2 2025 EPS estimates for Equinox Gold in a research note issued to investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe anticipates that the company will post earnings of $0.07 per share for the quarter. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share. National Bank Financial also issued estimates for Equinox Gold's FY2025 earnings at $0.62 EPS and FY2026 earnings at $1.28 EPS.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The firm had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. During the same period in the previous year, the company posted ($0.13) EPS. The firm's revenue for the quarter was up 75.6% compared to the same quarter last year.

A number of other research analysts also recently commented on the company. BMO Capital Markets started coverage on Equinox Gold in a research note on Wednesday, June 18th. They issued an "outperform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a report on Friday, June 13th. TD Securities raised Equinox Gold from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Equinox Gold currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Equinox Gold Stock Performance

Equinox Gold stock opened at $6.32 on Friday. The company's 50-day moving average is $6.31 and its two-hundred day moving average is $6.25. Equinox Gold has a 1 year low of $4.48 and a 1 year high of $7.45. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.78 billion, a PE ratio of 12.66 and a beta of 1.11.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. raised its holdings 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 in the last quarter. Ruffer LLP raised its position in shares of Equinox Gold by 322.1% during the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company's stock valued at $43,267,000 after acquiring an additional 5,722,871 shares during the last quarter. L1 Capital Pty Ltd raised its position in shares of Equinox Gold by 111.1% during the 1st quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company's stock valued at $74,634,000 after acquiring an additional 5,710,310 shares during the last quarter. Helikon Investments Ltd boosted its position in shares of Equinox Gold by 229.3% during the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company's stock worth $38,629,000 after purchasing an additional 3,909,705 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Equinox Gold by 41.3% during the fourth quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock worth $45,327,000 after buying an additional 2,640,109 shares during the period. 38.85% of the stock is currently owned by institutional investors.

About Equinox Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.