FY2025 EPS Estimates for Equinox Gold Boosted by Scotiabank

Key Points

• Scotiabank has increased their FY2025 earnings per share estimate for Equinox Gold from $0.39 to $0.43, indicating a positive outlook for the company's performance.
• Multiple brokerages have upgraded Equinox Gold's rating, with some moving from a "hold" to a "strong-buy" status, reflecting increased confidence in the stock.
• Equinox Gold's stock recently traded at C$15.03, showing significant growth compared to its fifty-two week low of C$6.93 and further emphasizing its market momentum.

Equinox Gold Corp. (TSE:EQX - Free Report) - Scotiabank lifted their FY2025 earnings per share estimates for Equinox Gold in a report released on Wednesday, September 24th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.43 per share for the year, up from their previous estimate of $0.39. The consensus estimate for Equinox Gold's current full-year earnings is $1.39 per share.

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

Equinox Gold Trading Up 1.5%

Shares of EQX stock opened at C$15.03 on Monday. Equinox Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$15.40. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The stock's fifty day moving average is C$11.49 and its two-hundred day moving average is C$9.86. The firm has a market capitalization of C$11.75 billion, a P/E ratio of -115.62 and a beta of 1.79.

Insider Transactions at Equinox Gold

In other Equinox Gold news, Director Blayne Barry Johnson sold 105,000 shares of Equinox Gold stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the transaction, the director directly owned 1,706,616 shares of the company's stock, valued at C$25,445,644.56. The trade was a 5.80% decrease in their ownership of the stock. Insiders own 6.40% of the company's stock.

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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