Equinox Gold Corp (AMEX:EQX) does about 3.87M shares in volume on a normal day but saw 3999388 shares change hands in the recent trading day. The company now has a market cap of 3.52B USD. Its current market price is $5.54, marking a decrease of -2.81% compared to the previous close of $5.70. The 52 week high reached by this stock is $6.50 whilst the lowest price level in 52 weeks is $3.95.
Equinox Gold Corp (EQX) has a 20-day trading average at $5.49 and the current price is -14.77% off the 52-week high compared with 40.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.75 and its 200-day simple moving average is $5.48. If we look at the stock’s price movements over the week, volatility stands at 3.05%, which increases to 4.03% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.42 to suggest the stock is neutral.
The consensus objective for the share price is $7.68, suggesting that the stock has a potential upside of 27.86% over the period.
FactSet Research has provided data showing that 15 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 8 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 0.97%, -3.72%, and 1.16% away from its SMA20, SMA50, and SMA200 respectively, with the EQX price moving above the 50-day SMA on current market day. Equinox Gold Corp (EQX) stock is up 1.84% over the week and -1.60% over the past month. Its price is 13.29% year-to-date and 11.92% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 0.01 above consensus estimates by 0.03. The company’s next earnings report forecasts estimating quarterly EPS at 0.21 and 0.24 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $550M.
To reach the target analysts have set, the stock logically needs to grow 27.86 percent from here.
Outstanding shares total 455.40M with insiders holding 6.02% of the shares and institutional holders owning 61.84% of the company’s common stock. The company has a return on investment of 5.50% and return on equity of 8.72%. The price to earnings ratio (P/E ratio) amounts to 11.47 while the forward price to earnings ratio is 5.21. The beta has a value of 1.32. Price to book ratio is 0.73 and price to sales ratio is 2.84.
