National Bank Financial Analysts Raise Earnings Estimates for Equinox Gold Corp. (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Investment analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Equinox Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.07 per share for the year, up from their prior estimate of $0.05. National Bank Financial currently has a "Sector Perform Spec Overwgt" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $0.12 per share.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $297.80 million for the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%.

Separately, Desjardins raised Equinox Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, January 30th.

Equinox Gold Trading Down 5.6 %

NYSEAMERICAN:EQX traded down $0.34 during mid-day trading on Monday, hitting $5.67. The stock had a trading volume of 3,352,590 shares, compared to its average volume of 2,357,109. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.87 billion, a PE ratio of 62.94 and a beta of 1.31. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.50.

Institutional Trading of Equinox Gold

Several institutional investors and hedge funds have recently bought and sold shares of EQX. Private Advisor Group LLC grew its holdings in shares of Equinox Gold by 1.8% during the third quarter. Private Advisor Group LLC now owns 214,468 shares of the company's stock valued at $907,000 after buying an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Equinox Gold by 6.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company's stock valued at $404,000 after purchasing an additional 6,021 shares during the period. Banque Cantonale Vaudoise increased its holdings in shares of Equinox Gold by 63.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company's stock valued at $106,000 after purchasing an additional 6,755 shares during the period. Builder Investment Group Inc. ADV lifted its position in shares of Equinox Gold by 0.8% in the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company's stock worth $3,999,000 after purchasing an additional 7,600 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Equinox Gold by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 340,707 shares of the company's stock worth $1,661,000 after purchasing an additional 7,914 shares during the period. Institutional investors and hedge funds 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.