Equinox Gold Corp. (TSE:EQX) Forecasted to Post Q1 2022 Earnings of $0.00 Per Share

Equinox Gold Corp. (TSE:EQX – Get Rating) – Equities researchers at National Bank Financial issued their Q1 2022 earnings estimates for Equinox Gold in a report released on Tuesday, April 19th. National Bank Financial analyst M. Parkin expects that the company will earn $0.00 per share for the quarter. National Bank Financial also issued estimates for Equinox Gold’s FY2023 earnings at $0.50 EPS.

Other equities analysts also recently issued research reports about the company. Desjardins downgraded Equinox Gold from a “buy” rating to a “hold” rating and set a C$10.75 price target for the company. in a research report on Wednesday, January 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a C$17.00 price target on shares of Equinox Gold in a research report on Thursday, February 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.00.

TSE:EQX opened at C$9.74 on Thursday. Equinox Gold has a twelve month low of C$6.99 and a twelve month high of C$11.49. The company has a quick ratio of 1.48, a current ratio of 2.89 and a debt-to-equity ratio of 22.66. The business has a 50 day moving average price of C$9.96 and a two-hundred day moving average price of C$9.21. The company has a market cap of C$2.95 billion and a P/E ratio of 4.56.

Equinox Gold (TSE:EQX – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.06. The firm had revenue of C$480.60 million for the quarter.

About Equinox Gold (Get Rating)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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