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

Equinox Gold Corp. (TSE:EQX) – Research analysts at Desjardins issued their Q1 2024 EPS estimates for shares of Equinox Gold in a 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.

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

Equinox Gold Price Performance

EQX opened at C$7.21 on Thursday. Equinox Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.79. The company has a quick ratio of 1.31, a current ratio of 1.74 and a debt-to-equity ratio of 41.06. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 60.08 and a beta of 0.93. The company’s 50-day moving average price is C$7.14 and its 200 day moving average price is C$6.63.

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

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.