Equinox Gold FY2024 EPS Boosted by National Bank Financial

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for Equinox Gold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.25 per share for the year, up from their prior forecast of $0.24. The consensus estimate for Equinox Gold’s current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Equinox Gold’s Q4 2024 earnings at $0.20 EPS.

Several other brokerages have also issued reports on EQX. TD Cowen started coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 target price for the company. TD Securities raised shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th.

Equinox Gold Stock Down 2.2 %

NYSEAMERICAN EQX opened at $6.71 on Wednesday. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.93. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.06 billion, a PE ratio of 13.69 and a beta of 1.33.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in Equinox Gold during the third quarter valued at about $43,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Equinox Gold during the third quarter worth about $61,000. Synovus Financial Corp bought a new stake in Equinox Gold during the 3rd quarter valued at approximately $61,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Equinox Gold in the 4th quarter worth approximately $50,000. Finally, Veracity Capital LLC bought a new position in Equinox Gold in the 3rd quarter worth approximately $61,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

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.