FY2025 EPS Estimates for Equinox Gold Reduced by Scotiabank

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Analysts at Scotiabank reduced their FY2025 EPS estimates for Equinox Gold in a research note issued to investors on Thursday, December 4th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.59 for the year, down from their previous forecast of $0.60. Scotiabank currently has a “Outperform” 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 $1.09 EPS.

EQX has been the topic of several other reports. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. National Bankshares restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Royal Bank Of Canada raised 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. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $26.00.

Equinox Gold Stock Down 0.2%

EQX stock opened at $13.92 on Monday. The stock has a market capitalization of $10.92 billion, a P/E ratio of 278.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. Equinox Gold has a 1-year low of $4.95 and a 1-year high of $14.36. The business has a fifty day moving average price of $12.03 and a 200-day moving average price of $9.04.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The business had revenue of $819.01 million for the quarter, compared to analysts’ expectations of $607.81 million. Equinox Gold’s revenue for the quarter was up 91.2% compared to the same quarter last year.

Hedge Funds Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. All Terrain Financial Advisors LLC purchased a new position in shares of Equinox Gold in the 2nd quarter valued at $498,000. PKO Investment Management Joint Stock Co lifted its stake in shares of Equinox Gold by 50.6% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 281,387 shares of the company’s stock worth $1,617,000 after purchasing an additional 94,500 shares during the last quarter. Ruffer LLP lifted its stake in shares of Equinox Gold by 322.1% during the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock worth $43,267,000 after purchasing an additional 5,722,871 shares during the last quarter. Eschler Asset Management LLP bought a new stake in Equinox Gold during the first quarter valued at about $968,000. Finally, Invenomic Capital Management LP grew its stake in Equinox Gold by 8.2% in the first quarter. Invenomic Capital Management LP now owns 1,320,532 shares of the company’s stock valued at $9,085,000 after purchasing an additional 99,691 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Company Profile

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.