Equinox Gold (EQX) Set to Announce Earnings on Wednesday

Equinox Gold (TSE:EQX) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Equinox Gold to post earnings of C($0.09) per share for the quarter.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.05. The business 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%.

Equinox Gold Stock Performance

EQX opened at C$7.45 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.31 and a debt-to-equity ratio of 41.06. 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 cap of C$2.41 billion, a price-to-earnings ratio of 62.08 and a beta of 0.93. The company’s 50 day moving average is C$7.24 and its 200 day moving average is C$6.68.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EQX shares. National Bank Financial raised Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

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.