FY2025 EPS Estimates for Equinox Gold Lowered by Analyst

Key Points

• National Bank Financial has lowered its FY2025 EPS estimates for Equinox Gold to $0.55 from $0.62, while the current consensus is at $0.85 per share.
• Equinox Gold reported a 77.7% year-over-year revenue increase, with Q2 earnings per share of $0.11, exceeding analysts' expectations of $0.02.
• The stock has seen a 2.4% drop recently, currently trading at $10.49 with a market capitalization of $8.21 billion.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Equities researchers at National Bank Financial reduced their FY2025 earnings per share (EPS) estimates for Equinox Gold in a note issued to investors on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now anticipates that the company will earn $0.55 per share for the year, down from their previous estimate of $0.62. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share. National Bank Financial also issued estimates for Equinox Gold's FY2026 earnings at $0.91 EPS.

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

A number of other equities research analysts have also weighed in on EQX. BMO Capital Markets initiated coverage on shares of Equinox Gold in a report on Wednesday, June 18th. They issued an "outperform" rating on the stock. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a report on Friday, August 15th. Royal Bank Of Canada upgraded Equinox Gold from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $11.00 to $17.00 in a report on Wednesday, September 10th. Cormark raised Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Finally, Zacks Research upgraded shares of Equinox Gold from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Equinox Gold presently has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Equinox Gold Stock Down 2.4%

Equinox Gold stock opened at $10.49 on Thursday. Equinox Gold has a 1-year low of $4.95 and a 1-year high of $11.15. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of -174.80 and a beta of 1.11. The firm's fifty day moving average price is $8.15 and its two-hundred day moving average price is $7.06. The company has a current ratio of 0.94, a quick ratio of 0.53 and a debt-to-equity ratio of 0.29.

Institutional Trading of Equinox Gold

A number of large investors have recently added to or reduced their stakes in the stock. Eschler Asset Management LLP bought a new position in shares of Equinox Gold during the 1st quarter valued at approximately $968,000. Invenomic Capital Management LP increased its position in Equinox Gold by 8.2% in the first quarter. Invenomic Capital Management LP now owns 1,320,532 shares of the company's stock worth $9,085,000 after buying an additional 99,691 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Equinox Gold in the fourth quarter valued at $95,000. UMB Bank n.a. purchased a new position in shares of Equinox Gold during the 2nd quarter valued at $200,000. Finally, Vanguard Group Inc. grew its stake in shares of Equinox Gold by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company's stock worth $102,082,000 after acquiring an additional 1,029,738 shares during the period. Hedge funds and other institutional investors own 38.85% of the company's stock.

About Equinox Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.