FY2022 EPS Estimates for Equinox Gold Corp. (NYSEAMERICAN:EQX) Reduced by National Bank Financial

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) – Stock analysts at National Bank Financial reduced their FY2022 earnings estimates for Equinox Gold in a research note issued to investors on Thursday, July 28th. National Bank Financial analyst M. Parkin now expects that the company will earn $0.02 per share for the year, down from their prior estimate of $0.03. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.18 per share. National Bank Financial also issued estimates for Equinox Gold’s FY2023 earnings at $0.05 EPS.

Several other research firms have also issued reports on EQX. Scotiabank lowered Equinox Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 5th. BMO Capital Markets reduced their price objective on Equinox Gold from C$14.50 to C$14.00 in a report on Tuesday, May 17th. Stifel Nicolaus reduced their price objective on Equinox Gold from C$16.25 to C$11.50 in a report on Wednesday, July 20th. TheStreet downgraded Equinox Gold from a “b-” rating to a “c+” rating in a research note on Friday, May 20th. Finally, Desjardins cut their price target on Equinox Gold from C$12.00 to C$11.25 in a research note on Friday, May 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Equinox Gold presently has an average rating of “Hold” and an average target price of $11.85.

Equinox Gold Stock Down 4.9 %

Shares of EQX stock opened at $4.46 on Monday. Equinox Gold has a 52 week low of $3.75 and a 52 week high of $9.07. The firm has a market capitalization of $1.36 billion, a P/E ratio of 3.75 and a beta of 1.27. The company has a quick ratio of 2.20, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11). Equinox Gold had a return on equity of 2.51% and a net margin of 38.26%. The firm had revenue of $223.20 million during the quarter.

Hedge Funds Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of Equinox Gold by 0.7% during the 1st quarter. Toronto Dominion Bank now owns 263,779 shares of the company’s stock worth $2,181,000 after purchasing an additional 1,858 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Equinox Gold by 5.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock worth $377,000 after purchasing an additional 2,500 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Equinox Gold by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock worth $485,000 after purchasing an additional 2,669 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of Equinox Gold by 2.7% during the 2nd quarter. Hollencrest Capital Management now owns 123,912 shares of the company’s stock worth $550,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Equinox Gold by 16.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 27,524 shares of the company’s stock worth $227,000 after purchasing an additional 3,873 shares during the last quarter. Institutional investors own 35.13% of the company’s stock.

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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