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

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Equinox Gold in a note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of ($0.06) for the quarter. Desjardins has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The company had revenue of $297.80 million for the quarter.

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

Equinox Gold Price Performance

EQX opened at $5.23 on Thursday. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.50. 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 company has a market capitalization of $1.72 billion, a PE ratio of 114.40 and a beta of 1.32.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds have recently modified their holdings of EQX. SG Americas Securities LLC lifted its position in Equinox Gold by 13.5% in the third quarter. SG Americas Securities LLC now owns 124,545 shares of the company’s stock worth $527,000 after purchasing an additional 14,770 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Equinox Gold in the third quarter worth $84,000. Builder Investment Group Inc. ADV lifted its position in Equinox Gold by 0.8% in the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company’s stock worth $3,999,000 after purchasing an additional 7,600 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Equinox Gold by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock worth $404,000 after purchasing an additional 6,021 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Equinox Gold by 24.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,169 shares of the company’s stock worth $301,000 after purchasing an additional 14,049 shares during the period. 38.85% of the stock is owned by institutional investors.

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.