What is Cormark's Forecast for Equinox Gold Q3 Earnings?

Key Points

• Cormark analysts have lowered Equinox Gold's Q3 2025 earnings per share estimate from $0.20 to $0.12, while the consensus estimate for the company's full-year earnings stands at $0.85 per share.
• Equinox Gold reported a net loss of ($0.08) in its latest quarter, missing the consensus estimate by ($0.19), despite generating $423.72 million in revenue, surpassing expectations.
• Equinox Gold currently holds a consensus rating of "Moderate Buy", with analysts providing a range of ratings from hold to strong buy, and an average target price of $35.00.

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Stock analysts at Cormark decreased their Q3 2025 earnings estimates for Equinox Gold in a report released on Monday, July 28th. Cormark analyst R. Gray now forecasts that the company will earn $0.12 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). The company had revenue of $423.72 million for the quarter, compared to analysts' expectations of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The business's revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS.

Several other equities analysts have also commented on EQX. CIBC reiterated a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. BMO Capital Markets initiated coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an "outperform" rating on the stock. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research report on Friday, June 13th. Finally, TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Equinox Gold Stock Down 0.5%

Shares of EQX traded down $0.03 during mid-day trading on Wednesday, hitting $6.07. 11,408,353 shares of the company's stock were exchanged, compared to its average volume of 12,517,789. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 12.14 and a beta of 1.10. Equinox Gold has a fifty-two week low of $4.48 and a fifty-two week high of $7.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. The stock's 50-day moving average is $6.32 and its 200-day moving average is $6.30.

Hedge Funds Weigh In On Equinox Gold

Several large investors have recently added to or reduced their stakes in EQX. Donald Smith & CO. Inc. lifted its stake in Equinox Gold by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock valued at $135,540,000 after buying an additional 8,949,544 shares during the last quarter. Ruffer LLP lifted its stake in Equinox Gold by 322.1% in the second quarter. Ruffer LLP now owns 7,499,601 shares of the company's stock valued at $43,267,000 after buying an additional 5,722,871 shares during the last quarter. L1 Capital Pty Ltd lifted its stake in Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company's stock valued at $74,634,000 after buying an additional 5,710,310 shares during the last quarter. Helikon Investments Ltd increased its holdings in shares of Equinox Gold by 229.3% during the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company's stock valued at $38,629,000 after purchasing an additional 3,909,705 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Equinox Gold by 41.3% during the fourth quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock valued at $45,327,000 after purchasing an additional 2,640,109 shares during the period. 38.85% of the stock is currently owned by institutional investors.

About Equinox Gold

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.