The trading price of Equinox Gold Corp (AMEX:EQX) closed lower on Firday, October 25, and closing at $5.63, -3.76% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.58 and $5.84. The company’s P/E ratio in the trailing 12-month period was 11.51, while its 5Y monthly beta was 1.158. In examining the 52-week price action we see that the stock hit a 52-week high of $6.50 and a 52-week low of $3.95. Over the past month, the stock has lost -12.85% in value.
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Equinox Gold Corp, whose market valuation is $2.41 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.12 per share this quarter, however they have predicted annual earnings per share of 0.4 for current year and 1.07 for next year.
Analysts have forecast the company to bring in revenue of 437.84M for the current quarter, with the likely lows of 436.67M and highs of 439M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.58B.
On the technical side, indicators suggest EQX has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 75% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EQX a recommendation rating is 15. Out of them, 8 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Equinox Gold Corp (EQX) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that EQX’s price is currently -3.41% off the SMA20 and -3.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.51, and weekly volatility stands at 4.67%. When measured over the past 30 days, the indicator reaches 3.80%. Equinox Gold Corp (AMEX:EQX)’s beta value is currently sitting at 1.30, while the Average True Range indicator is currently displaying 0.25.
To see how Equinox Gold Corp stock has been performing in comparison to its peers in the industry, here are the numbers: EQX stock’s performance was -3.76% in the latest trading, and 24.83% in the past year. Equinox Gold Corp has a P/E ratio of 11.51.
An evaluation of the daily trading volume of Equinox Gold Corp (AMEX:EQX) indicates that the 3-month average is 3.50 million. However, this figure has increased over the past 10 days to an average of 5.76.
Currently, records show that 428.50 million of the company’s shares remain outstanding. The insiders hold 16.38% of outstanding shares, whereas institutions hold 51.48%. The stats also highlight that short interest as of 2024-10-15, stood at 11.65 million shares, resulting in a short ratio of 3.33 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 11.93 million. However, since the stock’s price has seen 15.13% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
