Equinox Gold Corp. (TSE:EQX) Forecasted to Earn Q1 2024 Earnings of ($0.08) Per Share

Equinox Gold Corp. (TSE:EQX - Free Report) - Investment analysts at Desjardins issued their Q1 2024 earnings per share estimates for shares of Equinox Gold in a research report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings of ($0.08) 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 $0.20 per share.

Equinox Gold (TSE:EQX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.05. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. The company had revenue of C$405.46 million for the quarter.

Separately, National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Price Performance

TSE:EQX traded down C$0.05 during trading hours on Thursday, reaching C$7.16. The stock had a trading volume of 1,705,103 shares, compared to its average volume of 565,443. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74. Equinox Gold has a 52 week low of C$5.36 and a 52 week high of C$8.79. The company has a 50 day moving average price of C$7.16 and a two-hundred day moving average price of C$6.63. The stock has a market capitalization of C$2.32 billion, a PE ratio of 59.67 and a beta of 0.93.

Equinox Gold Company Profile

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.