Scotiabank Forecasts Equinox Gold FY2026 Earnings

Key Points

• Scotiabank forecasts Equinox Gold will earn $1.07 per share in FY2026 and $1.27 in FY2027, compared with the current FY2026 consensus estimate of $1.10. The bank maintained an “Outperform” rating.
• Equinox Gold’s analyst consensus remains “Buy”, with an average price target of $13.00; ratings include one Strong Buy, six Buys, and one Hold.
• The company’s latest quarterly results slightly missed expectations, with EPS of $0.16 versus $0.17 expected, although revenue rose 60.8% year over year. Equinox also increased its quarterly dividend to $0.0225 per share.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Equities research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Equinox Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Habib forecasts that the company will earn $1.07 per share for the year. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Equinox Gold's current full-year earnings is $1.10 per share. Scotiabank also issued estimates for Equinox Gold's FY2027 earnings at $1.27 EPS.

Several other analysts have also recently issued reports on EQX. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Equinox Gold in a research note on Thursday, July 16th. The Goldman Sachs Group upgraded shares of Equinox Gold from a "buy" rating to a "buy" rating in a report on Monday, June 8th. Royal Bank Of Canada reduced their price objective on Equinox Gold from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research downgraded shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $13.00.

Equinox Gold Stock Performance

Shares of EQX opened at $13.53 on Monday. The stock has a market capitalization of $15.80 billion, a P/E ratio of 13.53 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $12.88. Equinox Gold has a twelve month low of $7.77 and a twelve month high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The firm had revenue of $769.80 million during the quarter, compared to analysts' expectations of $775.79 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm's quarterly revenue was up 60.8% compared to the same quarter last year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.0225 dividend. This is an increase from Equinox Gold's previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Equinox Gold's dividend payout ratio (DPR) is 16.67%.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new position in shares of Equinox Gold during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in Equinox Gold by 96.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company's stock valued at $29,000 after purchasing an additional 982 shares in the last quarter. Quarry LP grew its holdings in Equinox Gold by 329.9% during the fourth quarter. Quarry LP now owns 2,734 shares of the company's stock valued at $38,000 after purchasing an additional 2,098 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Equinox Gold in the fourth quarter worth about $39,000. Finally, Purpose Unlimited Inc. purchased a new stake in Equinox Gold in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 38.85% of the company's stock.

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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