Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) – Research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of Equinox Gold in a research note issued to investors on Friday, February 23rd. Cormark analyst R. Gray expects that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.25 per share. Cormark also issued estimates for Equinox Gold’s Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at $0.05 EPS and Q4 2024 earnings at $0.09 EPS.
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last released its 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. The company had revenue of $297.80 million during the quarter. Equinox Gold had a return on equity of 0.91% and a net margin of 4.53%.
Several other research analysts have also issued reports on the company. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Wednesday, January 3rd.
Read Our Latest Research Report on EQX
Equinox Gold Price Performance
NYSEAMERICAN EQX opened at $4.22 on Monday. The firm has a market capitalization of $1.34 billion, a PE ratio of 46.89 and a beta of 1.30. Equinox Gold has a 52 week low of $3.38 and a 52 week high of $5.84. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.
Institutional Trading of Equinox Gold
Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Equinox Gold by 4.3% in the third quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock valued at $131,296,000 after acquiring an additional 1,292,168 shares during the last quarter. CenterBook Partners LP increased its position in shares of Equinox Gold by 26.6% in the third quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock valued at $7,849,000 after acquiring an additional 389,521 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Equinox Gold by 713.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 89,409 shares of the company’s stock valued at $409,000 after acquiring an additional 78,424 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Equinox Gold in the second quarter valued at about $94,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Equinox Gold in the third quarter valued at about $1,226,000. Institutional investors and hedge funds own 31.61% of the company’s stock.
About Equinox Gold
(Get Free Report)
Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interest in the Mesquite Gold Mine and Castle Mountain Gold Mine located in California, the United States; Los Filos Mine Complex located in Guerrero State, Mexico; Aurizona Gold Mine located in Maranhão State, Brazil; Fazenda Gold Mine and Santa Luz Gold Mine located in Bahia State, Brazil; and RDM Gold Mine located in Mina Gerais State, Brazil.
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