Equinox Gold Corp. (TSE:EQX) Expected to Earn Q1 2024 Earnings of ($0.04) Per Share

Equinox Gold Corp. (TSE:EQX) – Analysts at Cormark dropped their Q1 2024 earnings estimates for Equinox Gold in a report issued on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of ($0.04) per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, beating 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%.

EQX has been the topic of several other research reports. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th.

Equinox Gold Price Performance

EQX stock opened at C$7.82 on Wednesday. The company’s fifty day simple moving average is C$7.11 and its 200 day simple moving average is C$6.62. Equinox Gold has a 12-month low of C$5.36 and a 12-month high of C$8.79. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 65.17 and a beta of 0.93. The company has a quick ratio of 1.31, a current ratio of 1.74 and a debt-to-equity ratio of 41.06.

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.