Equinox Gold Corp. (NYSEAMERICAN:EQX) Forecasted to Post Q1 2024 Earnings of ($0.06) Per Share

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at Desjardins issued their Q1 2024 earnings per share estimates for Equinox Gold in a research report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will earn ($0.06) per share for the quarter. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share.

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

Equinox Gold Trading Up 5.1 %

Shares of EQX stock opened at $5.52 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The firm has a market cap of $1.82 billion, a P/E ratio of 61.33 and a beta of 1.32. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The business had revenue of $297.80 million for the quarter.

Hedge Funds Weigh In On Equinox Gold

Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in Equinox Gold by 1.8% in the third quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock valued at $907,000 after acquiring an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Equinox Gold by 6.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock worth $404,000 after buying an additional 6,021 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of Equinox Gold by 63.0% during the first quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock worth $106,000 after buying an additional 6,755 shares during the period. Builder Investment Group Inc. ADV boosted its stake in shares of Equinox Gold by 0.8% during the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company’s stock worth $3,999,000 after buying an additional 7,600 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Equinox Gold by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock worth $1,661,000 after buying an additional 7,914 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.