Equinox Gold Corp. (NYSEAMERICAN:EQX) Forecasted to Earn Q1 2024 Earnings of ($0.06) Per Share

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Analysts at Desjardins issued their Q1 2024 earnings estimates for shares of Equinox Gold in a research note issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of ($0.06) for the quarter. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.12 per share.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $297.80 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%.

Separately, National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Stock Down 8.6 %

Equinox Gold stock opened at $5.23 on Thursday. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 114.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EQX. Mackenzie Financial Corp lifted its position in shares of Equinox Gold by 58.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock worth $21,401,000 after purchasing an additional 1,625,994 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Equinox Gold by 328.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock worth $4,888,000 after purchasing an additional 766,250 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Equinox Gold by 3,396.3% during the third quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock worth $5,904,000 after purchasing an additional 1,357,849 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Equinox Gold by 4.3% during the third quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock worth $131,296,000 after purchasing an additional 1,292,168 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Equinox Gold by 26.6% during the third quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock worth $7,849,000 after purchasing an additional 389,521 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

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.