Should Investors Trust The Upside Potential In Equinox Gold Corp (EQX)?

Equinox Gold Corp (AMEX:EQX) currently has a daily average trading volume of 2.73M but it saw 2151022 shares traded in last market. With a market cap of 2.19B USD, the company’s current market price of $5.12 came falling about -0.58 while comparing to the previous closing price of $5.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.50 and as low as $3.95. In the recent trading on the day, stock has struck highest price mark of $5.04 while lowest mark touched by it was $5.1899.

Taking a look at 20-day trading activity of Equinox Gold Corp (EQX) gives us an average price of $5.28, while its current price level is -21.23% below from 52-week high level whereas it is 29.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.39 while that of 200 days or SMA-200 reads an average of $5.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.87% during that period while stretching the period over a month that decreases to 4.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.83 which implies that the stock is in neutral territory.

Over the week, EQX’s stock price is moving 5.13% up while it is -16.34% when we observe its performance for the past one month. Year-to-date it is 4.70% up and over the past year, the stock is showing an upside performance of 7.56%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.09 beat the consensus estimate of -0.02 for the same. In next quarter, company is expected to be making quarterly sales of $545.51M as analysts are expecting the sales for current fiscal year at $1.56B and seeing the company making $2.35B in sales next year. Moreover, analysts are in estimates of $465M for current-quarter revenue.

Currently, Equinox Gold Corp’s total number of outstanding shares is 428.50M with 6.40% of that held by the insiders while 52.84% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.43% and return on equity (ROE) at 8.80%. It has a price to earnings ratio (P/E ratio) of 10.47 while having a 5.29 of forward P/E ratio. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 0.68 while price to sale or P/S ratio amounts to 2.01. Its return on asset (ROA) is 4.60% on average.