FY2024 EPS Estimates for Equinox Gold Corp. Raised by National Bank Financial (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Stock analysts at National Bank Financial raised their FY2024 earnings estimates for shares of Equinox Gold in a research note issued on Thursday, April 18th. National Bank Financial analyst M. Parkin now expects that the company will earn $0.10 per share for the year, up from their prior estimate of $0.07. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

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 business had revenue of C$405.46 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%.

Separately, Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Trading Down 5.6 %

Shares of EQX stock opened at C$7.76 on Monday. The firm has a market cap of C$2.51 billion, a P/E ratio of 64.67 and a beta of 0.93. Equinox Gold has a 1-year low of C$5.36 and a 1-year high of C$8.79. The company has a debt-to-equity ratio of 41.06, a current ratio of 1.74 and a quick ratio of 1.31. The firm’s 50-day simple moving average is C$7.07 and its 200-day simple moving average is C$6.61.

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.