Scotiabank Brokers Lower Earnings Estimates for Equinox Gold

Key Points

• Scotiabank cut its FY2026 EPS estimate for Equinox Gold to $1.08 from $1.18 while maintaining an "Outperform" rating, and it forecasts FY2027 EPS of $1.34.
• Analyst consensus is a Buy with a $17.00 target (2 Strong Buy, 5 Buy, 1 Hold); the stock has a $11.32B market cap, a P/E of 59.8, a 52‑week range of $5.61–$18.96, and a 0.4% annualized dividend yield.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Scotiabank reduced their FY2026 earnings per share estimates for shares of Equinox Gold in a report released on Thursday, April 23rd. Scotiabank analyst O. Habib now anticipates that the company will earn $1.08 per share for the year, down from their previous estimate of $1.18. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $1.18 per share. Scotiabank also issued estimates for Equinox Gold's FY2027 earnings at $1.34 EPS.

Several other equities analysts have also recently commented on EQX. BMO Capital Markets reiterated an "outperform" rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Zacks Research cut Equinox Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce upgraded Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $17.00.

Equinox Gold Stock Performance

Equinox Gold stock opened at $14.34 on Tuesday. The stock has a market cap of $11.32 billion, a P/E ratio of 59.75 and a beta of 1.33. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $15.22 and a 200-day moving average of $14.19. Equinox Gold has a 52 week low of $5.61 and a 52 week high of $18.96.

Institutional Investors Weigh In On Equinox Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Ruffer LLP raised its position in shares of Equinox Gold by 15.4% during the 3rd quarter. Ruffer LLP now owns 8,651,889 shares of the company's stock valued at $96,992,000 after acquiring an additional 1,152,288 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Equinox Gold during the 3rd quarter valued at approximately $6,991,000. Allspring Global Investments Holdings LLC raised its position in shares of Equinox Gold by 70.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company's stock valued at $10,550,000 after acquiring an additional 390,000 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of Equinox Gold during the 3rd quarter valued at approximately $1,111,000. Finally, Vanguard Group Inc. raised its position in shares of Equinox Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company's stock valued at $307,659,000 after acquiring an additional 822,981 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Equinox Gold's dividend payout ratio is currently 11.11%.

About Equinox Gold

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold's operating portfolio spans three countries.

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