Brokers Set Expectations for Equinox Gold FY2027 Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX) – Analysts at National Bank Financial issued their FY2027 earnings estimates for shares of Equinox Gold in a note issued to investors on Tuesday, February 25th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $1.17 per share for the year. The consensus estimate for Equinox Gold’s current full-year earnings is $0.85 per share.

Several other research firms have also recently weighed in on EQX. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen started coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price objective for the company.

Equinox Gold Stock Performance

EQX stock opened at $6.42 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold has a fifty-two week low of $4.00 and a fifty-two week high of $7.22. The company has a market capitalization of $2.93 billion, a P/E ratio of 11.89 and a beta of 1.33.

Institutional Trading of Equinox Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. grew its holdings in shares of Equinox Gold by 49.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company’s stock valued at $135,540,000 after buying an additional 8,949,544 shares during the period. Van ECK Associates Corp grew its holdings in shares of Equinox Gold by 7.7% in the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after buying an additional 2,954,174 shares during the period. Invesco Ltd. grew its holdings in shares of Equinox Gold by 41.3% in the 4th quarter. Invesco Ltd. now owns 9,029,240 shares of the company’s stock valued at $45,327,000 after buying an additional 2,640,109 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in shares of Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after buying an additional 2,349,000 shares during the period. Finally, Phoenix Financial Ltd. acquired a new position in shares of Equinox Gold in the 4th quarter valued at $11,044,000. Institutional investors 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.