Equinox Gold Corp. (TSE:EQX) Expected to Post Q1 2024 Earnings of ($0.08) Per Share

Equinox Gold Corp. (TSE:EQX) – Research analysts at Desjardins issued their Q1 2024 EPS estimates for shares of Equinox Gold in a report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will earn ($0.08) per share for the quarter. Desjardins has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.05. The firm had revenue of C$405.46 million during the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%.

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 Stock Up 5.6 %

EQX opened at C$7.56 on Thursday. The firm has a 50 day moving average price of C$7.18 and a 200 day moving average price of C$6.65. The company has a market cap of C$2.45 billion, a PE ratio of 63.00 and a beta of 0.93. Equinox Gold has a 1 year low of C$5.36 and a 1 year high of C$8.79. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74.

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.