Equinox Gold Third Quarter 2024 Earnings: EPS: US$0.001 (vs US$0.007 in 3Q 2023)

Equinox Gold (TSE:EQX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$428.4m (up 50% from 3Q 2023).
• Net income: US$303.0k (down 86% from 3Q 2023).
• Profit margin: 0.1% (down from 0.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.001 (down from US$0.007 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Equinox Gold Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 6.2% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Equinox Gold (including 1 which can't be ignored).

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