FY2025 Earnings Forecast for Equinox Gold Issued By Cormark

Key Points

• Equinox Gold's FY2025 earnings per share (EPS) estimates have been lowered from $0.48 to $0.36 by Cormark analysts, maintaining a "Moderate Buy" rating on the stock.
• Despite the forecast downgrade, Equinox Gold has received multiple upgrades from other analysts, with TD Securities and Cibc World Mkts both raising their ratings to "strong-buy."
• Insider trading activity includes significant sales and purchases, with a director selling 105,000 shares and another insider acquiring 9,100 shares, indicating mixed signals within the company's insider sentiment.

Equinox Gold Corp. (TSE:EQX - Free Report) - Research analysts at Cormark lowered their FY2025 EPS estimates for shares of Equinox Gold in a report released on Tuesday, October 14th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.36 for the year, down from their previous estimate of $0.48. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $1.39 per share.

A number of other analysts have also commented on the stock. TD Securities raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 16th. Royal Bank Of Canada upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. Finally, Cibc World Mkts upgraded Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy".

Equinox Gold Trading Up 2.3%

Shares of TSE EQX opened at C$16.67 on Wednesday. Equinox Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$17.07. The firm has a market capitalization of C$13.03 billion, a P/E ratio of -128.23 and a beta of 2.18. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The company's 50 day simple moving average is C$13.23 and its 200 day simple moving average is C$10.36.

Insider Buying and Selling

In related news, Director Blayne Barry Johnson sold 105,000 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 1,706,616 shares of the company's stock, valued at approximately C$25,445,644.56. This represents a 5.80% decrease in their position. Also, insider David Chester Schummer bought 9,100 shares of the stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of C$15.20 per share, with a total value of C$138,320.00. Following the acquisition, the insider owned 168,222 shares in the company, valued at approximately C$2,556,974.40. This represents a 5.72% increase in their position. 6.40% of the stock is currently owned by corporate insiders.

Equinox Gold Company Profile

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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