Equinox Gold FY2026 EPS Forecast Decreased by Scotiabank

Key Points

• Scotiabank has revised its FY2026 earnings forecast for Equinox Gold down to $0.57 per share, slightly lower than the previous estimate of $0.58, against a consensus estimate of $0.85 per share.
• Equinox Gold reported a quarterly EPS of $0.11, exceeding analysts' expectations of $0.02, with revenues reaching $478.64 million, a significant increase of 77.7% year-over-year.
• The company currently has a consensus rating of "Moderate Buy" from analysts, with an average target price of $26.00 for its shares.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Stock analysts at Scotiabank decreased their FY2026 earnings estimates for shares of Equinox Gold in a research report issued to clients and investors on Wednesday, September 24th. Scotiabank analyst O. Habib now anticipates that the company will earn $0.57 per share for the year, down from their previous estimate of $0.58. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. The business had revenue of $478.64 million for the quarter, compared to analyst estimates of $470.00 million. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. Equinox Gold's revenue was up 77.7% compared to the same quarter last year. During the same period last year, the business posted ($0.01) EPS.

Several other brokerages also recently weighed in on EQX. Cormark upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 15th. Zacks Research raised Equinox Gold from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. CIBC restated a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a research note on Friday, August 15th. Finally, TD Securities reissued a "buy" rating on shares of Equinox Gold in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Equinox Gold currently has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Equinox Gold Trading Up 1.4%

Shares of NYSEAMERICAN:EQX opened at $10.64 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. The stock's 50-day moving average is $8.24 and its 200-day moving average is $7.09. The company has a market cap of $8.33 billion, a P/E ratio of -177.30 and a beta of 1.11. Equinox Gold has a 52-week low of $4.95 and a 52-week high of $11.15.

Institutional Trading of Equinox Gold

Institutional investors have recently made changes to their positions in the business. Tobam acquired a new position in Equinox Gold in the first quarter worth about $29,000. American Capital Advisory LLC acquired a new position in shares of Equinox Gold in the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. raised its holdings in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company's stock worth $27,000 after buying an additional 4,479 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Equinox Gold by 53.3% during the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after buying an additional 2,620 shares during the period. Finally, ORG Partners LLC boosted its stake in Equinox Gold by 191.2% in the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company's stock valued at $43,000 after buying an additional 4,970 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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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