Cormark Issues Optimistic Outlook for Equinox Gold Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at Cormark increased their Q1 2025 earnings per share estimates for Equinox Gold in a report issued on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their previous forecast of $0.11. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share.

A number of other analysts also recently commented on EQX. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th. TD Cowen initiated coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price target on the stock. Finally, National Bank Financial raised Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $6.67 on Wednesday. Equinox Gold has a 52 week low of $4.48 and a 52 week high of $7.45. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $6.69 and its two-hundred day moving average price is $6.01. The stock has a market cap of $3.04 billion, a PE ratio of 12.35 and a beta of 1.33.

Institutional Investors Weigh In On Equinox Gold

A number of large investors have recently made changes to their positions in EQX. Tobam purchased a new position in Equinox Gold during the first quarter valued at approximately $29,000. Parvin Asset Management LLC acquired a new stake in shares of Equinox Gold during the 4th quarter valued at $38,000. BNP Paribas Financial Markets purchased a new position in shares of Equinox Gold during the 4th quarter valued at $47,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Equinox Gold in the fourth quarter worth $50,000. Finally, Continuum Advisory LLC raised its holdings in shares of Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after acquiring an additional 2,620 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.