FY2025 EPS Estimates for Equinox Gold Raised by Scotiabank

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities research analysts at Scotiabank raised their FY2025 earnings estimates for shares of Equinox Gold in a note issued to investors on Tuesday, October 28th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.48 per share for the year, up from their previous forecast of $0.27. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share. Scotiabank also issued estimates for Equinox Gold’s FY2026 earnings at $1.12 EPS.

A number of other brokerages have also recently issued reports on EQX. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $17.00 in a report on Wednesday, September 10th. CIBC restated a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. Finally, TD Securities restated a “buy” rating on shares of Equinox Gold in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold Stock Down 0.4%

Shares of NYSEAMERICAN EQX opened at $10.97 on Friday. The stock has a market cap of $8.60 billion, a P/E ratio of -182.80 and a beta of 1.14. The firm has a 50 day moving average price of $10.62 and a 200 day moving average price of $7.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. Equinox Gold has a 52-week low of $4.95 and a 52-week high of $12.93.

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

Institutional Investors Weigh In On Equinox Gold

A number of large investors have recently bought and sold shares of EQX. Cambridge Investment Research Advisors Inc. grew its stake in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after buying an additional 1,990 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in Equinox Gold by 2.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,562,929 shares of the company’s stock worth $10,913,000 after buying an additional 34,373 shares in the last quarter. Galibier Capital Management Ltd. acquired a new stake in Equinox Gold during the first quarter worth about $3,917,000. Y Intercept Hong Kong Ltd acquired a new stake in Equinox Gold during the first quarter worth about $937,000. Finally, Cetera Investment Advisers grew its stake in Equinox Gold by 42.1% during the first quarter. Cetera Investment Advisers now owns 26,874 shares of the company’s stock worth $185,000 after buying an additional 7,962 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.