Equinox Gold Corp (AMEX:EQX) at last check was buoying at $5.41 on current market day with a fall of -8.08% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $5.88 and 5Y monthly beta was reading 1.158 with its price kept floating in the range of $5.291 and $5.6 on the day. Company’s P/E ratio for the trailing 12 months is 11.05. Considering stock’s 52-week price range provides that EQX hit a high price of $6.50 and saw its price falling to a low level of $3.95 during that period. Over a period of past 1-month, stock came subtracting -8.39% in its value.
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With its current market valuation of $2.32 billion, Equinox Gold Corp is set to declare its quarterly results on 2024-Oct-29. Analysts are in estimates of 0.14 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0.52 for current year with estimates of that growing to 1.04 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 521.56M. They suggested that in the process company could generate revenue of as low as 521.56M which could climb up to 521.56M to hit a high. The average estimate is representing an increase of 83.20% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 1.73B in current fiscal year, which will be 58.80% more from revenue generated by the company last year.
In contrast, when we review EQX stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of Hold for it.
According to ratings assigned by 15 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 8 of them are recommending Equinox Gold Corp (EQX) as a Hold, while 7 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the EQX stock which is currently positioned at 0. It further provides that stock’s current price level is -9.27% away from its 20-day simple moving average and is -5.97% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 37.37 while volatility remained at 2.91% over the past week which changes to 3.62% when measuring it over the past month. Beta is valued at 1.30, while measure of average true range or ATR is currently at 0.24.
Having a second look at Equinox Gold Corp (AMEX:EQX) provides that stock’s average daily trading volume for 3 months was 3.08 million, while it jumped to 3517230 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 428.50 million.
The percentage of outstanding shares held by the insiders is 16.38% while it is 50.58% for the institutional holders. In September the standing of shares short improved as it was 11.79 million in the previous month. Addition of 10.53% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
