Scotiabank Analysts Cut Earnings Estimates for Equinox Gold

Equinox Gold Corp. (TSE:EQX) – Scotiabank decreased their FY2025 earnings estimates for shares of Equinox Gold in a report issued on Thursday, December 4th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.82 per share for the year, down from their prior estimate of $0.84. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The firm had revenue of C$1.14 billion during the quarter.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus set a C$24.00 price target on shares of Equinox Gold and gave the company a “buy” rating in a research report on Tuesday, December 2nd. CIBC boosted their target price on Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. National Bankshares upped their target price on Equinox Gold from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. TD Securities raised their price target on Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$22.40.

Equinox Gold Stock Performance

Shares of EQX opened at C$18.63 on Monday. The stock has a 50 day moving average price of C$16.90 and a 200 day moving average price of C$12.61. Equinox Gold has a 52-week low of C$7.13 and a 52-week high of C$19.97. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The company has a market capitalization of C$14.62 billion, a price-to-earnings ratio of 186.30 and a beta of 2.58.

Insider Activity at Equinox Gold

In related news, insider David Chester Schummer purchased 9,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of C$15.20 per share, with a total value of C$138,320.00. Following the completion of the acquisition, the insider directly owned 168,222 shares in the company, valued at C$2,556,974.40. This trade represents a 5.72% increase in their ownership of the stock. Also, Director Blayne Barry Johnson sold 105,000 shares of Equinox Gold stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the completion of the transaction, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. This trade represents a 5.80% decrease in their ownership of the stock. Company insiders own 6.40% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.