National Bank Financial Comments on Equinox Gold Corp.’s FY2022 Earnings (TSE:EQX)

Equinox Gold Corp. (TSE:EQXGet Rating) – Investment analysts at National Bank Financial increased their FY2022 earnings per share (EPS) estimates for shares of Equinox Gold in a report issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.33 for the year, up from their previous forecast of $0.20.

Equinox Gold (TSE:EQXGet Rating) last posted its earnings results on Thursday, February 24th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.22 by C$0.06. The firm had revenue of C$480.60 million during the quarter.

Several other analysts have also recently weighed in on EQX. Stifel Nicolaus restated a “buy” rating and set a C$17.00 price objective on shares of Equinox Gold in a research report on Thursday, February 10th. Desjardins cut shares of Equinox Gold from a “buy” rating to a “hold” rating and set a C$10.75 price objective on the stock. in a research report on Wednesday, January 26th. 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$13.00.

Equinox Gold stock opened at C$9.74 on Friday. The firm’s fifty day moving average price is C$9.96 and its 200-day moving average price is C$9.21. The company has a debt-to-equity ratio of 22.66, a quick ratio of 1.48 and a current ratio of 2.89. The stock has a market cap of C$2.95 billion and a P/E ratio of 4.56. Equinox Gold has a fifty-two week low of C$6.99 and a fifty-two week high of C$11.49.

Equinox Gold Company Profile (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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