Stock Track | Equinox Gold Soars 5% as Gold Hits New High and Q4 Earnings Beat Estimates

Stock Track

02-21

Equinox Gold Corp.'s stock soared 5% in pre-market trading on Thursday, following a surge in gold prices and the company's better-than-expected fourth-quarter earnings report.

Spot gold prices reached a new historical high on Thursday, topping $2,950 per ounce, marking a 12% increase so far this year. The rising gold prices have boosted the performance of gold mining companies like Equinox Gold.

Additionally, Equinox Gold reported its Q4 2024 earnings, with adjusted earnings per share of $0.17, missing analyst estimates of $0.21. However, the company's sales of $575 million beat the consensus estimate of $567.75 million, reflecting a 93% year-over-year increase.

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