Equinox Gold ( EQX ) is a $2.7 billion miner of gold, copper, and silver deposits in Brazil and California. EQX is headquartered in Vancouver, Canada.
EQX reports gold production of 213,960 ounces, marking the company's strongest quarterly production.
Invest in gold stocks like GROY, NFGC and EQX for solid returns, with gold continuing its bullish run.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Equinox Gold Chairman Ross Beaty joins CNBC's Street Signs from the sidelines of the Resourcing Tomorrow conference in London to discuss gold prices and recent M&A activity in the industry.
Equinox Gold Corp. (EQX) Q3 2024 Earnings Conference Call Transcript
Equinox Gold had a rough Q2-24 with lower revenue, negative free cash flow, and weaker AISC margins despite record gold prices. Unfortunately, a weaker than planned H2-24 means that the second half won't see the significant recovery previously expected, with a significant cut to guidance at Greenstone. All else being equal, this wouldn't be a huge issue, but costs are clearly rising sector-wide, and while Greenstone will enjoy industry-leading costs, costs are up materially from the 2020-TR.
The month of October has been a difficult one for Equinox Gold, with a number of setbacks reported, which is likely to weigh on the stock in the short term. The short-term picture is rather hazy due to the recent setbacks, but the long-term outlook is clearer since it remains as bright as ever. EQX has its advantages over other gold miners, which includes having some of the biggest reserves around, with possibly more on the way at the right time.
Here is how Equinox Gold (EQX) and Barrick Gold (GOLD) have performed compared to their sector so far this year.
Red ink is usually never a pleasant sign, especially after you acquired a significant position in certain publicly traded companies. Nevertheless, cheap stocks also provide a long-term opportunity for forward-thinking speculators.
Equinox Gold Corp. (NYSE:EQX ) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET Company Participants Rhylin Bailie - VP, IR Greg Smith - President, CEO Doug Reddy - COO Peter Hardie - CFO Scott Heffernan - EVP-Exploration Conference Call Participants Anita Soni - CIBC World Markets Wayne Lam - RBC Capital Markets Operator Thank you for standing. This is the conference operator.
After losing some value lately, a hammer chart pattern has been formed for Equinox Gold (EQX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.