Scotiabank Brokers Raise Earnings Estimates for Equinox Gold

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities researchers at Scotiabank increased their FY2026 EPS estimates for Equinox Gold in a research note issued on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the company will earn $1.29 per share for the year, up from their previous forecast of $1.14. 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.

A number of other analysts have also recently commented on EQX. Canadian Imperial Bank of Commerce cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus initiated coverage on Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinox Gold has an average rating of “Moderate Buy” and an average price target of $17.00.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $15.80 on Friday. The company has a market capitalization of $12.41 billion, a P/E ratio of 316.06 and a beta of 1.24. The business has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $11.93. 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 $5.59 and a 1 year high of $17.40.

Institutional Investors Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in shares of Equinox Gold during the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its stake in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after buying an additional 4,479 shares during the last quarter. Aventura Private Wealth LLC bought a new position in Equinox Gold during the 4th quarter valued at approximately $28,000. Lodestone Wealth Management LLC purchased a new position in Equinox Gold during the fourth quarter valued at $28,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in Equinox Gold during the fourth quarter valued at $37,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

About Equinox Gold

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.