Equinox Gold Corp (AMEX:EQX) traded at $6.41 at last check on current trade day and made an upward move of 6.04% on its previous day’s price.
Looking at the stock we see that its previous close was $6.04 and the beta (5Y monthly) reads 1.152 with the day’s price range being $6.08 – $6.445. The company has a trailing 12-month PE ratio of 13.09. In terms of its 52-week price range, EQX has a high of $6.50 and a low of $3.95. The company’s stock has gained about 8.01% over that past 30 days.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Equinox Gold Corp has a market cap of $2.74 billion and is expected to release its quarterly earnings report on 2024-Oct-29. Estimates by analysts give the company expected earnings per share (EPS) of 0.16, with the EPS growth for the year raised at 0.36 for current year and 0.36 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 465M, with a low of 465M and a high of 465M. The median projection represents growth squeezing down to 63.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.58B, or 44.80% up from figures reported last year.
On the other hand, looking at the outlook for the EQX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Equinox Gold Corp (EQX) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 10.79% off its SMA20 and 14.90% from its 50-day simple moving average. The RSI (14) is pointing at 63.50 while the volatility over the past week is 4.64% and jumps to 4.02% over the past one month. The beta value is 1.31, while the average true range (ATR) is currently pointing at 0.27.
Coming back to Equinox Gold Corp (AMEX:EQX), we note that the average 3-month trading volume was 2.78 million, while that of the preceding 10-day period stands at 3.91 million. Current shares outstanding are 428.50 million.
The insiders hold 16.38% of the company’s shares while institutions hold 50.43%. The data shows that short shares as of 2024-08-30, stood at 12.01 million at a short ratio of 4.11. Shares short rose in August from the previous month at 11.32 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 30.98% up in year-to-date price movement.
