Stock Track | Equinox Gold Surges 5% Despite Q3 Miss as Revenue Growth Shines

Stock Track11-07

Shares of Equinox Gold Corp. (AMEX: EQX) soared 5.01% on Wednesday, despite the company reporting mixed third-quarter results that missed analysts' expectations on earnings but showed robust revenue growth.

The gold mining company reported adjusted earnings of $0.09 per share for the quarter ended September 30, falling short of the consensus analyst estimate of $0.12 per share. However, revenue for the quarter jumped 50.4% year-over-year to $428.4 million, narrowly missing the expected $437.84 million.

While the earnings miss initially weighed on the stock, investors appeared to focus on Equinox Gold's strong top-line growth and positive longer-term outlook from analysts. The company's shares have gained 9.8% so far this year, and analysts maintain a "buy" rating with a median 12-month price target of C$10.50, implying further upside potential.

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(AMEX: EQX) soared 5.01% on Wednesday, despite the company reporting mixed third-quarter results that missed analysts' expectations on earnings but showed robust revenue ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQX","symbol_name":"EQUINOX GOLD CORP","start_time":0,"source_url":"","article_id":"1131572267","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131572267","pubTimestamp":1730992295,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Equinox Gold Corp.  soared 5.01% on Wednesday, despite the company reporting mixed third-quarter results that missed analysts' expectations on earnings but showed robust revenue growth.The gold mining company reported adjusted earnings of $0.09 per share for the quarter ended September 30, falling short of the consensus analyst estimate of $0.12 per share. 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