Brokers Offer Predictions for Equinox Gold FY2025 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – National Bank Financial upped their FY2025 earnings estimates for Equinox Gold in a research report issued on Tuesday, November 12th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $1.04 per share for the year, up from their prior forecast of $0.93. 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 FY2026 earnings at $1.46 EPS.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. The company’s revenue was up 50.5% compared to the same quarter last year.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN:EQX opened at $5.19 on Thursday. The company has a market cap of $2.36 billion, a P/E ratio of 10.45 and a beta of 1.31. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.50.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds and other institutional investors have recently modified their holdings of EQX. Maple Rock Capital Partners Inc. bought a new position in Equinox Gold during the first quarter valued at about $29,741,000. Donald Smith & CO. Inc. raised its stake in shares of Equinox Gold by 35.5% in the third 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 in the last quarter. Van ECK Associates Corp lifted its position in Equinox Gold by 10.5% in the second quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock worth $199,609,000 after purchasing an additional 3,628,998 shares during the period. Mackenzie Financial Corp boosted its stake in Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after buying an additional 3,162,992 shares in the last quarter. Finally, Gemsstock Ltd. bought a new stake in Equinox Gold in the 2nd quarter valued at $13,045,000. 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.