FY2025 Earnings Estimate for Equinox Gold Issued By Cormark

Key Points

• Cormark analysts have significantly reduced Equinox Gold's FY2025 EPS estimate from $0.72 to $0.24, reflecting a pessimistic outlook for the company's earnings.
• Equinox Gold recently reported a quarterly loss of ($0.08) EPS, missing analyst consensus expectations of $0.11 EPS, while revenue increased by 75.6% year-over-year.
• Equinox Gold has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $35.00.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Cormark decreased their FY2025 earnings per share estimates for Equinox Gold in a report released on Monday, July 28th. Cormark analyst R. Gray now expects that the company will post earnings of $0.24 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share. Cormark also issued estimates for Equinox Gold's Q4 2025 earnings at $0.14 EPS, FY2026 earnings at $0.69 EPS and FY2027 earnings at $0.75 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). The business had revenue of $423.72 million for the quarter, compared to analysts' expectations of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. Equinox Gold's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS.

Several other equities research analysts have also recently issued reports on EQX. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. BMO Capital Markets started coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, TD Securities upgraded Equinox Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinox Gold presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Equinox Gold Price Performance

Shares of Equinox Gold stock traded down $0.03 during trading on Thursday, reaching $6.07. The company's stock had a trading volume of 11,408,353 shares, compared to its average volume of 12,517,789. The business has a 50 day moving average price of $6.32 and a 200-day moving average price of $6.30. The company has a market capitalization of $4.61 billion, a P/E ratio of 12.14 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. Equinox Gold has a 12-month low of $4.48 and a 12-month high of $7.45.

Institutional Investors Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tobam acquired a new position in shares of Equinox Gold in the 1st quarter valued at $29,000. Parvin Asset Management LLC bought a new stake in shares of Equinox Gold in the fourth quarter worth about $38,000. ORG Partners LLC raised its position in shares of Equinox Gold by 191.2% during the second quarter. ORG Partners LLC now owns 7,570 shares of the company's stock worth $43,000 after purchasing an additional 4,970 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Equinox Gold during the 4th quarter valued at about $47,000. Finally, Continuum Advisory LLC grew its position in shares of Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after purchasing an additional 2,620 shares during the period. 38.85% of the stock is owned by institutional investors and hedge funds.

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.