Q4 2022 EPS Estimates for Equinox Gold Corp. Lifted by Cormark (TSE:EQX)

Equinox Gold Corp. (TSE:EQXGet Rating) – Investment analysts at Cormark raised their Q4 2022 earnings estimates for shares of Equinox Gold in a research report issued on Thursday, May 5th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.15. Cormark has a “Buy” rating and a $10.00 price target on the stock.

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

Several other brokerages have also recently issued reports on EQX. Desjardins cut shares of Equinox Gold from a “buy” rating to a “hold” rating and set a C$10.75 price target on the stock. in a research report on Wednesday, January 26th. Stifel Nicolaus reiterated a “buy” rating and set a C$17.00 price target on shares of Equinox Gold in a research report on Thursday, February 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$12.67.

Shares of TSE EQX opened at C$7.50 on Monday. Equinox Gold has a 1 year low of C$6.99 and a 1 year high of C$11.49. The company has a debt-to-equity ratio of 22.66, a current ratio of 2.89 and a quick ratio of 1.48. The company’s 50-day moving average is C$10.01 and its 200 day moving average is C$9.18. The stock has a market capitalization of C$2.27 billion and a P/E ratio of 3.43.

About Equinox Gold (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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