Cormark Has Pessimistic View of Equinox Gold FY2024 Earnings

Equinox Gold Corp. (TSE:EQX) – Equities research analysts at Cormark reduced their FY2024 EPS estimates for Equinox Gold in a research note issued to investors on Monday, October 21st. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.37 for the year, down from their previous estimate of $0.51. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%. The business had revenue of C$368.65 million for the quarter.

Equinox Gold Trading Up 2.0 %

Shares of EQX stock opened at C$8.12 on Wednesday. The company has a debt-to-equity ratio of 51.77, a current ratio of 1.10 and a quick ratio of 1.31. The company has a market cap of C$3.68 billion, a price-to-earnings ratio of 10.02 and a beta of 1.16. Equinox Gold has a 1 year low of C$5.36 and a 1 year high of C$8.79. The firm has a fifty day moving average price of C$7.86 and a 200-day moving average price of C$7.68.

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.