Analysts Set Expectations for Equinox Gold FY2024 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at National Bank Financial increased their FY2024 earnings per share estimates for Equinox Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.25 per share for the year, up from their previous estimate of $0.24. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Equinox Gold’s Q4 2024 earnings at $0.20 EPS.

A number of other research analysts also recently commented on the company. TD Cowen assumed coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 target price for the company. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $6.71 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.93. The company has a market cap of $3.06 billion, a P/E ratio of 13.69 and a beta of 1.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EQX. Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold during the third quarter valued at approximately $43,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Equinox Gold during the 4th quarter worth $50,000. Kiker Wealth Management LLC bought a new stake in Equinox Gold during the 4th quarter valued at $58,000. Joel Isaacson & Co. LLC bought a new stake in Equinox Gold during the 3rd quarter valued at $61,000. Finally, Veracity Capital LLC purchased a new stake in shares of Equinox Gold in the 3rd quarter worth $61,000. Institutional investors own 38.85% of the company’s stock.

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.