Equinox Gold FY2025 EPS Cut by National Bank Financial

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Research analysts at National Bank Financial lowered their FY2025 EPS estimates for Equinox Gold in a report released on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.62. 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 $0.91 EPS.

A number of other research firms have also weighed in on EQX. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a report on Friday, September 5th. National Bankshares reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Friday, August 15th. Finally, BMO Capital Markets assumed coverage on shares of Equinox Gold in a report on Wednesday, June 18th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $10.64 on Thursday. The company’s 50 day moving average is $8.24 and its 200-day moving average is $7.09. Equinox Gold has a 12-month low of $4.95 and a 12-month high of $11.15. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.33 billion, a P/E ratio of -177.30 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The company had revenue of $478.64 million for the quarter, compared to analyst estimates of $470.00 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 77.7% compared to the same quarter last year.

Institutional Trading of Equinox Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in Equinox Gold during the 2nd quarter valued at about $25,000. SBI Securities Co. Ltd. increased its stake in Equinox Gold by 2,054.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares in the last quarter. Tobam purchased a new stake in shares of Equinox Gold during the 1st quarter valued at about $29,000. ORG Partners LLC boosted its holdings in shares of Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after acquiring an additional 4,970 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Equinox Gold during the 4th quarter valued at about $47,000. 38.85% of the stock is currently owned by institutional investors.

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.