Equinox Gold (EQX) Expected to Announce 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) will likely be announcing 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 issued its earnings results 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 for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The firm's revenue was up 75.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. 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 Down 1.7%

NYSEAMERICAN EQX traded down $0.11 on Friday, hitting $6.44. 14,250,354 shares of the company were exchanged, compared to its average volume of 11,986,377. The company has a market cap of $4.89 billion, a PE ratio of 12.88 and a beta of 1.10. Equinox Gold has a 12 month low of $4.67 and a 12 month high of $7.45. The stock has a fifty day moving average of $6.30 and a 200-day moving average of $6.34. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Equinox Gold by 77.5% in the second quarter. Geode Capital Management LLC now owns 356,122 shares of the company's stock worth $2,067,000 after buying an additional 155,460 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 purchasing an additional 485,567 shares during the last quarter. Millennium Management LLC bought a new stake in Equinox Gold in the first quarter worth $6,883,000. Finally, Goldman Sachs Group Inc. increased its position in Equinox Gold by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company's stock worth $12,812,000 after purchasing an additional 490,251 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 16th. CIBC reiterated a "neutral" rating on shares of Equinox Gold in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a report on Friday, June 13th. Finally, BMO Capital Markets initiated coverage on shares of Equinox Gold in a report on Wednesday, June 18th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.