Cormark Equities Analysts Decrease Earnings Estimates for Equinox Gold Corp. (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Stock analysts at Cormark decreased their Q1 2024 earnings estimates for shares of Equinox Gold in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings per share of ($0.04) for the quarter, down from their prior estimate of $0.01. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

A number of other analysts also recently commented on EQX. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Monday, April 8th. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Trading Down 0.7 %

Shares of TSE:EQX opened at C$7.16 on Wednesday. The company has a market cap of C$2.32 billion, a PE ratio of 59.67 and a beta of 0.93. The company’s 50-day moving average price is C$7.16 and its 200 day moving average price is C$6.63. Equinox Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.79. The company has a quick ratio of 1.31, a current ratio of 1.74 and a debt-to-equity ratio of 41.06.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, beating the consensus estimate of C($0.04) by C$0.05. The firm had revenue of C$405.46 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%.

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.