Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Cormark issued their Q2 2024 earnings per share (EPS) estimates for Equinox Gold in a report issued on Monday, April 29th. Cormark analyst R. Gray forecasts that the company will post earnings of $0.08 per share for the quarter. The consensus estimate for Equinox Gold's current full-year earnings is $0.28 per share. Cormark also issued estimates for Equinox Gold's Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.42 EPS.
Several other research firms have also issued reports on EQX. National Bank Financial upgraded Equinox Gold from a "sector perform spec overwgt" rating to an "outperform overweight" rating in a research note on Friday, April 26th. Desjardins upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, January 30th.
Get Our Latest Stock Analysis on EQX
Equinox Gold Price Performance
Shares of NYSEAMERICAN:EQX traded up $0.03 during midday trading on Thursday, reaching $5.45. 3,208,751 shares of the company's stock were exchanged, compared to its average volume of 2,931,303. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 60.56 and a beta of 1.33. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The firm had revenue of $297.80 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Everett Harris & Co. CA bought a new position in Equinox Gold during the 4th quarter worth approximately $52,000. &PARTNERS acquired a new position in shares of Equinox Gold in the 1st quarter valued at $60,000. Advisor Resource Council bought a new stake in shares of Equinox Gold in the 1st quarter valued at $76,000. Vanguard Personalized Indexing Management LLC bought a new position in Equinox Gold during the fourth quarter worth about $80,000. Finally, Aigen Investment Management LP acquired a new position in Equinox Gold in the third quarter valued at about $86,000. 38.85% of the stock is currently owned by institutional investors.
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.
Further Reading
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