Research Analysts Offer Predictions for Equinox Gold Corp.’s Q1 2024 Earnings (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Equities researchers at Desjardins issued their Q1 2024 earnings per share estimates for Equinox Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will earn ($0.08) per share for the quarter. Desjardins has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.05. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. The company had revenue of C$405.46 million during the quarter.

Separately, National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at C$7.16 on Thursday. The stock has a 50 day moving average of C$7.16 and a 200 day moving average of C$6.63. Equinox Gold has a 12 month low of C$5.36 and a 12 month high of C$8.79. The firm has a market cap of C$2.32 billion, a PE ratio of 59.67 and a beta of 0.93. The company has a current ratio of 1.74, a quick ratio of 1.31 and a debt-to-equity ratio of 41.06.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.