FY2025 EPS Estimates for Equinox Gold Reduced by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of Equinox Gold in a report released on Thursday, June 5th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of $0.66 per share for the year, down from their prior forecast of $0.68. National Bank Financial has a "Strong-Buy" rating on the stock. 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 $1.36 EPS.

Equinox Gold Stock Down 0.1%

Equinox Gold stock traded down $0.01 during mid-day trading on Monday, reaching $6.93. 12,752,155 shares of the company were exchanged, compared to its average volume of 10,905,483. Equinox Gold has a 12-month low of $4.48 and a 12-month high of $7.45. The business has a fifty day moving average of $6.56 and a 200 day moving average of $6.14. The firm has a market cap of $3.16 billion, a P/E ratio of 12.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. The firm had revenue of $423.72 million for the quarter, compared to analysts' expectations of $404.00 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The company's revenue for the quarter was up 75.6% compared to the same quarter last year.

Institutional Trading of Equinox Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its stake in shares of Equinox Gold by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after buying an additional 8,949,544 shares during the period. Vanguard Group Inc. grew its stake in Equinox Gold by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company's stock valued at $102,082,000 after purchasing an additional 1,029,738 shares during the last quarter. L1 Capital Pty Ltd increased its holdings in shares of Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company's stock valued at $74,634,000 after purchasing an additional 5,710,310 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Equinox Gold by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after purchasing an additional 750,300 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Equinox Gold by 0.7% during the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company's stock valued at $62,562,000 after acquiring an additional 64,101 shares during the last quarter. 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.