Equinox Gold Corp. Forecasted to Earn FY2024 Earnings of $0.59 Per Share (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Desjardins boosted their FY2024 earnings per share estimates for shares of Equinox Gold in a report released on Sunday, April 28th. Desjardins analyst J. Sclodnick now anticipates that the company will earn $0.59 per share for the year, up from their previous estimate of $0.01. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share. Desjardins also issued estimates for Equinox Gold’s FY2025 earnings at $1.45 EPS and FY2026 earnings at $1.01 EPS.

Separately, National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th.

Equinox Gold Stock Up 0.7 %

TSE:EQX opened at C$7.50 on Wednesday. The stock has a 50-day simple moving average of C$7.24 and a 200 day simple moving average of C$6.68. Equinox Gold has a one year low of C$5.36 and a one year high of C$8.79. The company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 62.50 and a beta of 0.93. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74.

Equinox Gold (TSE:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.04) by C$0.05. The company 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%.

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.