Equinox Gold (EQX) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Equinox Gold is scheduled to announce its Q2 2025 earnings on August 13th, with analysts expecting earnings of $0.16 per share and revenue of $470 million.
• In its previous quarter, Equinox Gold reported a loss of $0.08 EPS, missing estimates, but its revenue of $423.72 million exceeded expectations by 4.7% and was up 75.6% year-over-year.
• Hedge funds showed increased interest in Equinox Gold, with significant stake increases from firms like Royal Bank of Canada and UBS, indicating growing institutional support for the company.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $470.00 million for the quarter.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The business had revenue of $423.72 million during the quarter, compared to analyst estimates of $404.00 million. During the same period in the prior year, the firm earned ($0.13) EPS. The business's revenue for the quarter was up 75.6% compared to the same quarter last year. On average, analysts expect Equinox Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Equinox Gold Stock Up 1.6%

EQX stock opened at $6.40 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.50. 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 $6.30 and a two-hundred day moving average price of $6.32. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 12.80 and a beta of 1.10.

Hedge Funds Weigh In On Equinox Gold

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Equinox Gold by 232.7% in the first quarter. Royal Bank of Canada now owns 558,605 shares of the company's stock worth $3,843,000 after buying an additional 390,690 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Equinox Gold by 164.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company's stock worth $5,367,000 after buying an additional 485,567 shares during the last quarter. Millennium Management LLC acquired a new position in Equinox Gold in the first quarter worth approximately $6,883,000. Finally, Goldman Sachs Group Inc. grew its holdings in Equinox Gold by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company's stock valued at $12,812,000 after purchasing an additional 490,251 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQX shares. BMO Capital Markets started coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an "outperform" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a report on Friday, June 13th. TD Securities raised shares of Equinox Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 16th. Finally, CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a report on Tuesday, July 15th. Two 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 company's stock. According to data from MarketBeat.com, Equinox Gold currently has an average rating of "Moderate Buy" and an average price target of $35.00.

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.

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