Equinox Gold FY2025 EPS Cut by National Bank Financial

Key Points

• National Bank Financial has revised Equinox Gold's FY2025 earnings per share estimate down to $0.76 from $0.86, while the consensus remains at $1.39 per share for the current year.
• Multiple research analysts have upgraded Equinox Gold's rating, with TD Securities moving from "hold" to "strong-buy," indicating a positive outlook for the stock.
• Recent insider activity included Director Blayne Barry Johnson selling 105,000 shares at an average price of C$14.91, reducing his ownership stake by 5.80%.

Equinox Gold Corp. (TSE:EQX - Free Report) - National Bank Financial lowered their FY2025 earnings estimates for shares of Equinox Gold in a report issued on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now anticipates that the company will earn $0.76 per share for the year, down from their prior forecast of $0.86. The consensus estimate for Equinox Gold's current full-year earnings is $1.39 per share.

A number of other research analysts also recently issued reports on the stock. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 16th. Cormark upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Finally, Royal Bank Of Canada upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Equinox Gold Stock Up 1.5%

Shares of TSE:EQX opened at C$14.81 on Friday. Equinox Gold has a 12 month low of C$6.93 and a 12 month high of C$15.40. The company's 50-day moving average price is C$11.36 and its two-hundred day moving average price is C$9.82. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The firm has a market cap of C$11.58 billion, a P/E ratio of -113.92 and a beta of 1.79.

Insider Activity

In other news, Director Blayne Barry Johnson sold 105,000 shares of Equinox Gold stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the sale, the director directly owned 1,706,616 shares in the company, valued at C$25,445,644.56. This trade represents a 5.80% decrease in their ownership of the stock. 6.40% of the stock is owned by company insiders.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.

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