FY2025 EPS Estimates for Equinox Gold Reduced by Scotiabank

Equinox Gold Corp. (TSE:EQX) – Research analysts at Scotiabank cut their FY2025 earnings estimates for shares of Equinox Gold in a note issued to investors on Thursday, December 4th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $0.82 for the year, down from their prior estimate of $0.84. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Several other research analysts have also issued reports on EQX. BMO Capital Markets boosted their target price on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Stifel Nicolaus set a C$24.00 price target on Equinox Gold and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. CIBC upped their price objective on Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, National Bankshares increased their target price on Equinox Gold from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$22.40.

Equinox Gold Stock Performance

Shares of TSE:EQX opened at C$19.29 on Monday. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. Equinox Gold has a 12 month low of C$7.13 and a 12 month high of C$19.97. The company has a market capitalization of C$15.14 billion, a price-to-earnings ratio of 192.90 and a beta of 2.58. The firm’s 50-day moving average is C$16.84 and its 200 day moving average is C$12.54.

Equinox Gold (TSE:EQX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The company had revenue of C$1.14 billion during the quarter.

Insider Activity at Equinox Gold

In related news, Director Blayne Barry Johnson sold 105,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the completion of the sale, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. The trade was a 5.80% decrease in their ownership of the stock. Also, insider David Chester Schummer acquired 9,100 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of C$15.20 per share, for a total transaction of C$138,320.00. Following the purchase, the insider owned 168,222 shares of the company’s stock, valued at C$2,556,974.40. This represents a 5.72% increase in their ownership of the stock. Insiders own 6.40% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.