Brokers Set Expectations for Equinox Gold FY2027 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Analysts at National Bank Financial issued their FY2027 earnings estimates for shares of Equinox Gold in a research note issued to investors on Tuesday, February 25th. National Bank Financial analyst M. Parkin forecasts that the company will earn $1.17 per share for the year. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share.

A number of other equities analysts have also weighed in on EQX. TD Securities raised shares of Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen initiated coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 price target on the stock.

Equinox Gold Stock Up 2.6 %

Shares of NYSEAMERICAN EQX opened at $6.42 on Thursday. The firm has a market capitalization of $2.93 billion, a P/E ratio of 11.89 and a beta of 1.33. 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 1-year low of $4.00 and a 1-year high of $7.22.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQX. National Bank of Canada FI raised its holdings in shares of Equinox Gold by 15.3% in the 3rd quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock valued at $13,938,000 after purchasing an additional 303,904 shares during the period. Stifel Financial Corp bought a new stake in shares of Equinox Gold in the 3rd quarter valued at about $1,388,000. Van ECK Associates Corp raised its holdings in shares of Equinox Gold by 7.7% in the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after purchasing an additional 2,954,174 shares during the period. Maple Rock Capital Partners Inc. raised its holdings in shares of Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after purchasing an additional 2,349,000 shares during the period. Finally, Donald Smith & CO. Inc. raised its holdings in shares of Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the period. 38.85% of the stock is 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.