Cormark Analysts Increase Earnings Estimates for Equinox Gold Corp. (TSE:EQX)

Equinox Gold Corp. (TSE:EQXGet Rating) – Research analysts at Cormark raised their Q2 2022 earnings per share estimates for Equinox Gold in a report released on Thursday, May 5th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.05. Cormark has a “Buy” rating and a $10.00 price objective on the stock. Cormark also issued estimates for Equinox Gold’s FY2022 earnings at $0.30 EPS.

EQX has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a C$17.00 price target on shares of Equinox Gold in a research report on Thursday, February 10th. Desjardins lowered shares of Equinox Gold from a “buy” rating to a “hold” rating and set a C$10.75 price target for the company. in a research note on Wednesday, January 26th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$12.67.

Shares of EQX opened at C$7.66 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.48 and a debt-to-equity ratio of 22.66. The stock has a market capitalization of C$2.32 billion and a P/E ratio of 3.51. The firm’s fifty day simple moving average is C$10.07 and its two-hundred day simple moving average is C$9.22. Equinox Gold has a 12 month low of C$6.99 and a 12 month high of C$11.49.

Equinox Gold (TSE:EQXGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.06. The company had revenue of C$480.60 million during the quarter.

Equinox Gold Company Profile (Get Rating)

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

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