Latest news with #EquinoxGoldCorp
Yahoo
11 hours ago
- Business
- Yahoo
Equinox (EQX) Soars 24% on Highly Optimistic Outlook
We recently published . Equinox Gold Corp. (NYSEAmerican:EQX) is one of the last week's top performers. Equinox Gold soared by 23.9 percent week-on-week after posting an optimistic outlook for the second half despite a dismal earnings performance in the first half of the year. In its updated report, Equinox Gold Corp. (NYSEAmerican:EQX) said it was looking to pivot in the second half on expectations of strong production, following the completion of its acquisition of Calibre Mining Corp. 'We expect a strong second half of the year, with production on track to meet our full-year consolidated guidance of 785,000 to 915,000 ounces and anticipate continued growth in both production and cash flow into 2026,' said Equinox Gold Corp. (NYSEAmerican:EQX) CEO Darren Hall. 'Our focus is clear as we grow into a top-tier producer—operational excellence, disciplined capital allocation, and deliver on our commitments to drive debt reduction, optimize our balance sheet, and maximize returns for shareholders,' he added. In the second quarter of the year, Equinox Gold Corp. (NYSEAmerican:EQX) dropped its net income by 93 percent to $23.8 million from $353.5 million in the same period last year, despite revenues increasing by 77.6 percent to $478.6 million from $269.4 million in the same period. Copyright: tomas1111 / 123RF Stock Photo In the first half, the company swung to a net loss of $51.6 million from a $310.7 million net income in the same period last year. Revenues increased by 76.7 percent to $902.4 million from $510.8 million. While we acknowledge the potential of EQX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Bloomberg
4 days ago
- Business
- Bloomberg
Equinox Gold Options Bet Nets Quick 170% Gain on Earnings Beat
An investor who bought 6 million shares worth of Equinox Gold Corp. call options Tuesday more than doubled their money after the Vancouver-based miner's earnings beat estimates, sending shares soaring by the most since 2022. A block of 60,000 October $7.50 calls traded midday Tuesday for $0.30 each, for a total $1.8 million in premium, with market participants noting that an investor was buying the contracts.
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Equinox Gold: Q2 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Equinox Gold Corp. (EQX) on Wednesday reported profit of $23.8 million in its second quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, came to 11 cents per share.
Yahoo
24-06-2025
- Business
- Yahoo
BMO Capital Resumes Coverage of Equinox Gold (EQX) with an Outperform Rating, Slashes PT to C$11
Equinox Gold Corp. (NYSE:EQX) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. On June 18, BMO Capital analyst Kevin O'Halloran resumed coverage of Equinox Gold Corp. (NYSE:EQX) with an Outperform rating, bringing the price target down to C$11 from C$11.50. The analyst told investors in a research note that Equinox Gold Corp. (NYSE:EQX) has closed the acquisition of Calibre Mining, resulting in the formation of a key diversified gold producer with operations across the Americas, supported by the Canadian Valentine and Greenstone mines, two major sites in the country. Aerial view of a large-scale gold mine, showing the extent of the company's operations. The firm also stated that the acquisition bolstered Equinox Gold Corp.'s (NYSE:EQX) position as the second-largest gold producer in Canada, offering a strong platform with long-term value creation and heightened production, supported by a strong leadership team. BMO expects an improving balance sheet and 'substantial' free cash flow for Equinox Gold Corp. (NYSE:EQX), stating that its shares remain discounted when compared to its peers. Equinox Gold Corp. (NYSE:EQX) is a Canadian mining company operating in the Americas through eight gold mines. Its operating mines include the Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, Mesquite Gold Mine, and Greenstone Gold Mine. The company's development projects include the Greenstone Project, Los Filos Expansion, Castle Mountain Expansion, and Aurizona Expansion. While we acknowledge the potential of EQX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Lower Outlook Dampens Drags Down Equinox Gold (EQX)
We recently published a list of . Equinox Gold Corp. (NYSEAmerican:EQX) is one of the worst-performing stocks on Thursday. Equinox Gold declined by 10 percent at intraday trading on Thursday at $6.26 apiece as investor sentiment was dampened by lower production outlook for the rest of the year. In a statement, Equinox Gold Corp. (NYSEAmerican:EQX) now expects to produce between 555,000 and 625,000 ounces of gold, lower than the 635,000 to 750,000 as expected previously. Aerial view of a large-scale gold mine, showing the extent of the company's operations. 'Since achieving commercial production at Greenstone in Q4 2024, the ramp-up has been slower than planned. Mine productivity and equipment availability, particularly with the primary loading fleet, have fallen short of plan, impacting mining rates and delaying access to higher-grade ore zones. Further, year-to-date mined grades have been below expectations, in part due to higher-than-anticipated dilution,' said Equinox Gold Corp. (NYSEAmerican:EQX) President and CEO Greg Smith. 'On the processing side, while we are seeing improvements in throughput and recovery, year-to-date performance is also below plan. We are addressing the shortfalls and are revising … full-year production guidance,' he added. Following the revision, the National Bank of Canada lowered its price target for the company to $12 from $14 previously. While we acknowledge the potential of EQX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
