Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) – Research analysts at Cormark upped their Q3 2024 earnings estimates for shares of Equinox Gold in a report issued on Monday, August 12th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.14. The consensus estimate for Equinox Gold’s current full-year earnings is $0.40 per share. Cormark also issued estimates for Equinox Gold’s Q4 2024 earnings at $0.23 EPS and FY2024 earnings at $0.37 EPS.
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. The company had revenue of $269.43 million during the quarter.
Read Our Latest Report on Equinox Gold
Equinox Gold Price Performance
Shares of NYSEAMERICAN:EQX opened at $5.22 on Wednesday. The stock has a market cap of $2.24 billion, a P/E ratio of -57.99 and a beta of 1.31. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 0.49.
Institutional Investors Weigh In On Equinox Gold
Several institutional investors and hedge funds have recently modified their holdings of EQX. Kings Path Partners LLC acquired a new stake in Equinox Gold during the 2nd quarter worth approximately $27,000. Continuum Advisory LLC purchased a new stake in shares of Equinox Gold during the second quarter worth $29,000. &PARTNERS purchased a new stake in shares of Equinox Gold during the first quarter worth $60,000. Advisor Resource Council acquired a new stake in shares of Equinox Gold in the first quarter valued at $76,000. Finally, Parsons Capital Management Inc. RI acquired a new position in Equinox Gold during the 1st quarter worth $90,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.
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.
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