Brokers Issue Forecasts for Equinox Gold Corp.’s FY2022 Earnings (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) – Stock analysts at National Bank Financial boosted their FY2022 earnings estimates for Equinox Gold in a research note issued to investors on Tuesday, April 19th. National Bank Financial analyst M. Parkin now expects that the company will earn $0.26 per share for the year, up from their prior estimate of $0.16.

EQX has been the topic of a number of other research reports. Zacks Investment Research downgraded Equinox Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, March 15th. Desjardins cut Equinox Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, January 26th. Canaccord Genuity Group dropped their price objective on Equinox Gold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. TD Securities dropped their price objective on Equinox Gold from C$14.00 to C$12.50 in a research note on Wednesday, January 26th. Finally, Scotiabank lifted their price objective on Equinox Gold from C$11.50 to C$12.25 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.19.

NYSEAMERICAN:EQX opened at $8.14 on Friday. Equinox Gold has a 52 week low of $5.47 and a 52 week high of $9.55. The company has a current ratio of 2.89, a quick ratio of 2.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 5.81 and a beta of 1.05.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Equinox Gold had a return on equity of 3.73% and a net margin of 44.51%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc. lifted its holdings in Equinox Gold by 1.8% during the 3rd quarter. TD Asset Management Inc. now owns 1,177,868 shares of the company’s stock worth $7,773,000 after buying an additional 20,614 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in Equinox Gold by 4.8% during the 3rd quarter. Alberta Investment Management Corp now owns 129,800 shares of the company’s stock worth $857,000 after buying an additional 5,900 shares during the last quarter. Credit Suisse AG lifted its holdings in Equinox Gold by 1.5% during the 3rd quarter. Credit Suisse AG now owns 211,063 shares of the company’s stock worth $1,393,000 after buying an additional 3,071 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Equinox Gold by 22.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 681,202 shares of the company’s stock worth $4,495,000 after buying an additional 125,244 shares during the last quarter. Finally, Advisor Resource Council lifted its holdings in Equinox Gold by 20,355.6% during the 3rd quarter. Advisor Resource Council now owns 12,887 shares of the company’s stock worth $85,000 after buying an additional 12,824 shares during the last quarter. 32.43% of the stock is owned by hedge funds and other institutional investors.

About Equinox Gold (Get Rating)

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the Fazenda gold mine located in Bahia State; the RDM gold mine located in Minas Gerais State; and the Santa Luz gold mine located in Bahia State, Brazil.

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