What is Cormark's Forecast for Equinox Gold FY2025 Earnings?

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) - Investment analysts at Cormark reduced their FY2025 earnings per share estimates for shares of Equinox Gold in a note issued to investors on Monday, July 28th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.24 per share for the year, down from their prior 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.

A number of other brokerages have also recently commented on EQX. CIBC reissued a "neutral" rating on shares of Equinox Gold in a report on Tuesday, July 15th. TD Securities upgraded Equinox Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, July 16th. BMO Capital Markets assumed coverage on Equinox Gold in a research report on Wednesday, June 18th. They issued an "outperform" rating for the company. Finally, National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a research report on Friday, June 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equinox Gold currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Equinox Gold Price Performance

Shares of Equinox Gold stock traded up $0.15 on Thursday, hitting $6.22. The company's stock had a trading volume of 5,267,059 shares, compared to its average volume of 11,954,631. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. Equinox Gold has a 1 year low of $4.48 and a 1 year high of $7.45. The firm has a fifty day moving average price of $6.32 and a 200-day moving average price of $6.31. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 12.43 and a beta of 1.10.

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

Hedge Funds Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in EQX. Donald Smith & CO. Inc. lifted its position in Equinox Gold by 49.6% in the fourth 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 period. Vanguard Group Inc. lifted its position in Equinox Gold by 7.4% in the first quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company's stock valued at $102,082,000 after purchasing an additional 1,029,738 shares during the period. L1 Capital Pty Ltd lifted its position in Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company's stock valued at $74,634,000 after purchasing an additional 5,710,310 shares during the period. Dimensional Fund Advisors LP lifted its position in Equinox Gold by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after purchasing an additional 750,300 shares during the period. Finally, Invesco Ltd. lifted its position in Equinox Gold by 0.7% in the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company's stock valued at $62,562,000 after purchasing an additional 64,101 shares during the period. Hedge funds and other institutional investors own 38.85% of the company's stock.

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.