FY2025 EPS Forecast for Equinox Gold Decreased by Analyst

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities researchers at National Bank Financial cut their FY2025 earnings estimates for shares of Equinox Gold in a research report issued on Thursday, June 5th. National Bank Financial analyst M. Sidibe now expects that the company will earn $0.66 per share for the year, down from their prior estimate of $0.68. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share. National Bank Financial also issued estimates for Equinox Gold’s FY2026 earnings at $1.36 EPS.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 17.81% and a return on equity of 3.20%. The firm had revenue of $423.72 million for the quarter, compared to analyst estimates of $404.00 million. During the same period in the previous year, the business posted ($0.13) earnings per share. Equinox Gold’s revenue for the quarter was up 75.6% on a year-over-year basis.

Equinox Gold Trading Down 5.1%

Shares of EQX opened at $6.94 on Monday. Equinox Gold has a one year low of $4.48 and a one year high of $7.45. The stock has a 50-day moving average price of $6.56 and a 200 day moving average price of $6.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The company has a market capitalization of $3.16 billion, a P/E ratio of 12.85 and a beta of 1.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Veracity Capital LLC lifted its holdings in Equinox Gold by 14.2% in the first quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock worth $87,000 after acquiring an additional 1,564 shares during the last quarter. Rathbones Group PLC grew its holdings in shares of Equinox Gold by 1.7% during the first quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock valued at $743,000 after purchasing an additional 1,825 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Equinox Gold by 3.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company’s stock worth $308,000 after purchasing an additional 1,956 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Equinox Gold by 2.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after purchasing an additional 1,990 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in shares of Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after purchasing an additional 2,620 shares during the last quarter. Institutional investors 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.