FY2021 EPS Estimates for Equinox Gold (EQX) Cut by National Bank Financial

Equinox Gold (CVE:EQX) – Analysts at National Bank Financial dropped their FY2021 earnings per share estimates for Equinox Gold in a research note issued to investors on Thursday, May 3rd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.03 for the year, down from their prior estimate of $0.04. National Bank Financial has a “Outperform Spec Overweight” rating on the stock.

Separately, TD Securities set a C$2.00 target price on shares of Equinox Gold and gave the company a “speculative buy” rating in a report on Wednesday, January 10th.

EQX stock opened at C$1.06 on Monday. Equinox Gold has a 12 month low of C$0.88 and a 12 month high of C$1.39.

Equinox Gold (CVE:EQX) last released its earnings results on Monday, April 2nd. The company reported C($0.17) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.14). Equinox Gold had a negative net margin of 138.09% and a negative return on equity of 10.39%. The firm had revenue of C$7.24 million during the quarter.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily holds 100% interests in the Aurizona gold project covering approximately 241,400 hectares located in Brazil; and the Warintza copper-molybdenum exploration property with eight metallic mineral concessions covering 26,777 hectares located in Ecuador, as well as 75% interests in the Koricancha gold and silver milling operation located in Peru.

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