Equinox Gold Corp (AMEX:EQX) price on Thursday, January 16, fall -2.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.86.
A look at the stock’s price movement, the close in the last trading session was $5.98, moving within a range at $5.85 and $6.1483. The beta value (5-Year monthly) was 1.191 while the PE ratio in trailing twelve months stood at 12.14. Turning to its 52-week performance, $6.50 and $3.95 were the 52-week high and 52-week low respectively. Overall, EQX moved 5.97% over the past month.
Equinox Gold Corp’s market cap currently stands at around $2.67 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 569M for the company’s revenue for the quarter, with a low and high estimate of 569M and 569M respectively. The average forecast suggests up to a 91.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.48B, representing a 35.96% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 8.95% and 6.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.11, while 7-day volatility ratio is 4.00% and 3.74% in the 30-day chart. Further, Equinox Gold Corp (EQX) has a beta value of 1.31, and an average true range (ATR) of 0.26.
If we refocus on Equinox Gold Corp (AMEX:EQX), historical trading data shows that trading volumes averaged 6.6 over the past 10 days and 4.85 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 50.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.92 million on 2024-12-31, giving us a short ratio of 3.75. Current price change has pushed the stock 16.73% 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.
