Equinox Gold Corp (AMEX:EQX) price on current trading day, fall -1.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.07.
A look at the stock’s price movement, the level at last check in today’s session was $5.12, moving within a range at $5.0 and $5.115. The beta value (5-Year monthly) was 1.191 while the PE ratio in trailing twelve months stood at 10.49. Turning to its 52-week performance, $6.50 and $3.95 were the 52-week high and 52-week low respectively. Overall, EQX moved -7.23% over the past month.
Equinox Gold Corp’s market cap currently stands at around $2.31 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.46B, representing a 34.57% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EQX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 7 recommend EQX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EQX’s current price about -8.46% and -8.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.85, while 7-day volatility ratio is 3.03% and 4.19% in the 30-day chart. Further, Equinox Gold Corp (EQX) has a beta value of 1.29, and an average true range (ATR) of 0.23.
If we refocus on Equinox Gold Corp (AMEX:EQX), historical trading data shows that trading volumes averaged 4.39 over the past 10 days and 4.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 428.65 million shares.
The 15.41% of Equinox Gold Corp’s shares are in the hands of company insiders while institutional holders own 49.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.24 million on 2024-11-29, giving us a short ratio of 3.16. Current price change has pushed the stock 3.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EQX stock continues to rise going into the next quarter.
