Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) – Research analysts at Scotiabank issued their FY2026 EPS estimates for shares of Equinox Gold in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib anticipates that the company will earn $1.07 per share for the year. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $1.10 per share. Scotiabank also issued estimates for Equinox Gold’s FY2027 earnings at $1.27 EPS.
Several other research analysts also recently commented on the company. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Royal Bank Of Canada cut their price objective on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $13.00.
Equinox Gold Stock Performance
NYSEAMERICAN EQX opened at $13.98 on Monday. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 13.98 and a beta of 1.27. Equinox Gold has a twelve month low of $8.07 and a twelve month high of $18.96. The stock has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $12.86. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The business had revenue of $769.80 million for the quarter, compared to analyst estimates of $775.79 million. During the same quarter last year, the firm posted $0.11 EPS. Equinox Gold’s revenue for the quarter was up 60.8% on a year-over-year basis.
Hedge Funds Weigh In On Equinox Gold
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new stake in Equinox Gold during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Equinox Gold by 96.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after purchasing an additional 982 shares during the period. Quarry LP lifted its stake in shares of Equinox Gold by 329.9% in the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after purchasing an additional 2,098 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Equinox Gold in the 4th quarter valued at about $39,000. Finally, Purpose Unlimited Inc. bought a new stake in shares of Equinox Gold during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 38.85% of the company’s stock.
Equinox Gold Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.0225 per share. This is a boost from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinox Gold’s payout ratio is 16.67%.
Equinox Gold Company Profile
Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.
Equinox Gold’s operating portfolio spans three countries.
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