Equinox Gold Corp. Forecasted to Post Q1 2024 Earnings of ($0.08) Per Share (TSE:EQX)

Equinox Gold Corp. (TSE:EQX) – Equities research analysts at Desjardins issued their Q1 2024 earnings per share estimates for Equinox Gold in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings of ($0.08) per share for the quarter. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $0.20 per share.

Equinox Gold (TSE:EQX) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.04) by C$0.05. The company had revenue of C$405.46 million for the quarter. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%.

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

Equinox Gold Trading Down 7.8 %

Equinox Gold stock opened at C$7.21 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.31 and a debt-to-equity ratio of 41.06. The business’s fifty day simple moving average is C$7.14 and its two-hundred day simple moving average is C$6.63. Equinox Gold has a 12 month low of C$5.36 and a 12 month high of C$8.79. The company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 60.08 and a beta of 0.93.

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.