Cormark Has Positive Forecast for Equinox Gold Q1 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Research analysts at Cormark raised their Q1 2025 earnings per share (EPS) estimates for shares of Equinox Gold in a report issued on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the company will earn $0.13 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share.

EQX has been the subject of several other reports. TD Securities raised shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, TD Cowen assumed coverage on Equinox Gold in a report on Tuesday, February 4th. They set a "hold" rating and a $35.00 price target on the stock.

Equinox Gold Stock Performance

EQX traded down $0.07 during midday trading on Wednesday, reaching $6.65. The company had a trading volume of 3,712,443 shares, compared to its average volume of 5,514,500. The business has a 50-day moving average of $6.69 and a two-hundred day moving average of $6.02. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold has a 1 year low of $4.48 and a 1 year high of $7.45. The company has a market cap of $3.03 billion, a P/E ratio of 12.31 and a beta of 1.33.

Institutional Trading of Equinox Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tobam bought a new position in shares of Equinox Gold during the 1st quarter valued at approximately $29,000. Parvin Asset Management LLC bought a new position in Equinox Gold during the fourth quarter valued at $38,000. BNP Paribas Financial Markets purchased a new position in shares of Equinox Gold in the 4th quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Equinox Gold in the 4th quarter worth $50,000. Finally, Continuum Advisory LLC raised its position in shares of Equinox Gold by 53.3% during the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after buying an additional 2,620 shares in the last quarter. 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.