FY2024 EPS Estimates for Equinox Gold Corp. Raised by Desjardins (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Stock analysts at Desjardins increased their FY2024 EPS estimates for Equinox Gold in a research note issued to investors on Sunday, April 28th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings of $0.43 per share for the year, up from their prior estimate of $0.01. Desjardins has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share. Desjardins also issued estimates for Equinox Gold’s FY2025 earnings at $1.06 EPS and FY2026 earnings at $0.74 EPS.

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

Equinox Gold Stock Performance

Shares of EQX opened at $5.44 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. The stock has a market cap of $1.79 billion, a P/E ratio of 60.39 and a beta of 1.32. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The business had revenue of $297.80 million during the quarter.

Institutional Trading of Equinox Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQX. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Equinox Gold by 6.9% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock worth $601,000 after purchasing an additional 6,400 shares during the period. Van ECK Associates Corp lifted its position in shares of Equinox Gold by 8.1% during the 1st quarter. Van ECK Associates Corp now owns 34,537,861 shares of the company’s stock worth $207,921,000 after buying an additional 2,597,602 shares during the period. Privium Fund Management B.V. boosted its stake in Equinox Gold by 63.8% in the 1st quarter. Privium Fund Management B.V. now owns 63,691 shares of the company’s stock valued at $383,000 after buying an additional 24,801 shares in the last quarter. U S Global Investors Inc. bought a new stake in Equinox Gold in the first quarter valued at $1,204,000. Finally, Parsons Capital Management Inc. RI acquired a new position in Equinox Gold during the first quarter worth $90,000. Institutional investors own 38.85% of the company’s stock.

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.