FY2025 EPS Estimates for Equinox Gold Raised by Scotiabank

Key Points

• Scotiabank has revised its FY2025 earnings per share estimate for Equinox Gold from $0.28 to $0.31, reflecting increased expectations for the company.
• Equinox Gold reported a quarterly EPS of $0.11, significantly surpassing analysts' expectations of $0.02, along with a revenue of $478.64 million, a 77.7% increase year-over-year.
• Analysts have shown positive sentiment towards Equinox Gold, with multiple upgrades, including a change from "hold" to "moderate buy" by Cormark, and a price target increase by Royal Bank of Canada from $11.00 to $17.00.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Research analysts at Scotiabank lifted their FY2025 earnings per share estimates for Equinox Gold in a research note issued on Wednesday, September 24th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.31 for the year, up from their previous estimate of $0.28. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced 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 firm had revenue of $478.64 million for the quarter, compared to analyst estimates of $470.00 million. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The business's revenue was up 77.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS.

Several other research analysts also recently weighed in 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. CIBC reissued a "neutral" rating on shares of Equinox Gold in a report on Tuesday, July 15th. Royal Bank Of Canada raised Equinox Gold from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $11.00 to $17.00 in a research note on Wednesday, September 10th. BMO Capital Markets began coverage on Equinox Gold in a research report on Wednesday, June 18th. They set an "outperform" rating for the company. Finally, National Bankshares restated an "outperform" rating on shares of Equinox Gold in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Equinox Gold has an average rating of "Moderate Buy" and an average target price of $26.00.

Equinox Gold Stock Performance

EQX opened at $10.79 on Monday. The firm's fifty day simple moving average is $8.33 and its two-hundred day simple moving average is $7.12. Equinox Gold has a 52-week low of $4.95 and a 52-week high of $11.15. The company has a market cap of $8.45 billion, a price-to-earnings ratio of -179.80 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Equinox Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Equinox Gold in the 4th quarter worth $47,000. Bank of America Corp DE grew its holdings in shares of Equinox Gold by 134.2% in the fourth quarter. Bank of America Corp DE now owns 327,058 shares of the company's stock valued at $1,642,000 after purchasing an additional 187,432 shares during the period. Cetera Investment Advisers acquired a new stake in Equinox Gold during the fourth quarter worth about $95,000. Deutsche Bank AG increased its position in Equinox Gold by 67.1% during the fourth quarter. Deutsche Bank AG now owns 39,222 shares of the company's stock worth $197,000 after purchasing an additional 15,749 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Equinox Gold by 2.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 137,268 shares of the company's stock worth $691,000 after purchasing an additional 3,826 shares during the period. Institutional investors and hedge funds own 38.85% of the company's stock.

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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