FY2025 EPS Estimates for Equinox Gold Lifted by Scotiabank

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at Scotiabank upped their FY2025 EPS estimates for shares of Equinox Gold in a research note issued to investors on Wednesday, September 24th. Scotiabank analyst O. Habib now anticipates that the company will earn $0.31 per share for the year, up from their previous estimate of $0.28. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The firm had revenue of $478.64 million during the quarter, compared to analysts’ expectations of $470.00 million. During the same period in the prior year, the company posted ($0.01) EPS. The company’s revenue was up 77.7% on a year-over-year basis.

A number of other equities analysts also recently weighed in on EQX. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets assumed coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They set an “outperform” rating for the company. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $17.00 in a research note on Wednesday, September 10th. CIBC reissued a “neutral” rating on shares of Equinox Gold in a research note on Tuesday, July 15th. Finally, TD Securities reissued a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $11.22 on Monday. Equinox Gold has a twelve month low of $4.95 and a twelve month high of $11.52. The firm has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $7.18. The company has a market capitalization of $8.78 billion, a PE ratio of -186.97 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. American Capital Advisory LLC bought a new position in shares of Equinox Gold during the second quarter valued at about $25,000. SBI Securities Co. Ltd. lifted its position in shares of Equinox Gold by 2,054.6% during the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares in the last quarter. Tobam bought a new position in shares of Equinox Gold during the first quarter valued at about $29,000. ORG Partners LLC lifted its position in shares of Equinox Gold by 191.2% during the second quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after purchasing an additional 4,970 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Equinox Gold in the fourth quarter worth about $47,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.