Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Analysts at Desjardins issued their Q1 2024 earnings per share estimates for Equinox Gold in a report released on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will post earnings of ($0.06) per share for the quarter. Desjardins has a "Buy" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $0.12 per share.
Separately, National Bank Financial reissued a "sector perform spec overwgt" rating on shares of Equinox Gold in a research note on Monday, April 8th.
Check Out Our Latest Stock Analysis on Equinox Gold
Equinox Gold Price Performance
Shares of EQX stock traded up $0.02 on Thursday, hitting $5.25. The stock had a trading volume of 15,049,590 shares, compared to its average volume of 2,749,415. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.73 billion, a PE ratio of 58.33 and a beta of 1.32. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The company had revenue of $297.80 million for the quarter.
Institutional Investors Weigh In On Equinox Gold
A number of large investors have recently bought and sold shares of EQX. Donald Smith & CO. Inc. boosted its holdings in Equinox Gold by 52.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company's stock valued at $46,603,000 after acquiring an additional 3,262,602 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Equinox Gold by 1,619.0% in the third quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company's stock valued at $11,679,000 after acquiring an additional 2,613,815 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Equinox Gold in the fourth quarter valued at $11,742,000. Norges Bank acquired a new position in Equinox Gold in the fourth quarter valued at $9,111,000. Finally, American Century Companies Inc. raised its position in Equinox Gold by 3,396.3% in the third quarter. American Century Companies Inc. now owns 1,397,829 shares of the company's stock valued at $5,904,000 after purchasing an additional 1,357,849 shares during the period. Institutional investors and hedge funds own 38.85% of the company's stock.
About Equinox Gold
(
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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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