Stock Track | Equinox Gold Soars 5.22% Intraday on Strong Q1 Earnings Swing to Profit

Stock Track05-07

Equinox Gold Corp. (EQX) shares soared 5.22% during intraday trading on Thursday, extending gains from pre-market activity.

The surge follows the company's first-quarter earnings report, which showed a significant swing to profitability. Equinox Gold reported adjusted earnings of $0.28 per share, a positive reversal from a loss of $0.08 per share in the prior-year period. Revenue for the quarter surged to $861.6 million, up dramatically from $265.7 million a year ago.

The reported earnings per share matched analyst forecasts, while revenue came in slightly below expectations. The company also announced it is maintaining its quarterly dividend.

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