National Bank Financial Forecasts Equinox Gold Q3 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Equinox Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.05 for the quarter. The consensus estimate for Equinox Gold’s current full-year earnings is $0.41 per share.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The company had revenue of $269.43 million for the quarter.

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $5.86 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.45 and a current ratio of 1.10. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.50. The firm has a market cap of $2.51 billion, a P/E ratio of 11.68 and a beta of 1.31.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Equinox Gold during the 1st quarter worth about $222,000. Advisor Resource Council acquired a new position in Equinox Gold during the 1st quarter worth about $76,000. Privium Fund Management B.V. lifted its holdings in Equinox Gold by 63.8% during the 1st quarter. Privium Fund Management B.V. now owns 63,691 shares of the company’s stock worth $383,000 after buying an additional 24,801 shares during the period. Van ECK Associates Corp lifted its holdings in Equinox Gold by 8.1% during the 1st quarter. Van ECK Associates Corp now owns 34,537,861 shares of the company’s stock worth $207,921,000 after buying an additional 2,597,602 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Equinox Gold by 6.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock worth $601,000 after buying an additional 6,400 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.