Q4 2022 EPS Estimates for Equinox Gold Corp. Increased by Cormark (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) – Cormark lifted their Q4 2022 earnings per share estimates for shares of Equinox Gold in a report released on Thursday, May 5th. Cormark analyst R. Gray now forecasts that the company will earn $0.13 per share for the quarter, up from their previous estimate of $0.12.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Equinox Gold had a net margin of 38.26% and a return on equity of 2.51%. The business had revenue of $381.20 million during the quarter.

Several other equities research analysts have also recently issued reports on EQX. Scotiabank cut shares of Equinox Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Canaccord Genuity Group lowered their price objective on shares of Equinox Gold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. National Bank Financial boosted their price objective on shares of Equinox Gold from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. TheStreet raised shares of Equinox Gold from a “c+” rating to a “b” rating in a research report on Monday, April 4th. Finally, Zacks Investment Research cut shares of Equinox Gold from a “buy” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $11.55.

EQX stock opened at $5.80 on Monday. Equinox Gold has a 12 month low of $5.47 and a 12 month high of $9.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 2.39. The stock has a market cap of $1.75 billion, a P/E ratio of 4.87 and a beta of 1.11.

Several hedge funds have recently added to or reduced their stakes in EQX. Millennium Management LLC boosted its holdings in shares of Equinox Gold by 105.2% in the 2nd quarter. Millennium Management LLC now owns 81,444 shares of the company’s stock valued at $566,000 after acquiring an additional 41,757 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Equinox Gold in the 3rd quarter valued at $460,000. Deutsche Bank AG boosted its holdings in shares of Equinox Gold by 5.6% in the 3rd quarter. Deutsche Bank AG now owns 234,669 shares of the company’s stock valued at $1,549,000 after acquiring an additional 12,508 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Equinox Gold by 13.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,791,765 shares of the company’s stock valued at $11,823,000 after acquiring an additional 215,886 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Equinox Gold by 1.1% in the 3rd quarter. Swiss National Bank now owns 565,690 shares of the company’s stock valued at $3,715,000 after acquiring an additional 6,300 shares during the last quarter. 35.13% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Equinox Gold (NYSEAMERICAN:EQX)

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