The trading price of Equinox Gold Corp (AMEX:EQX) floating lower at last check on current market day and closing at $6.74, -1.82% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $6.685 and $6.825. The company’s P/E ratio in the trailing 12-month period was 13.95, while its 5Y monthly beta was 1.191. In examining the 52-week price action we see that the stock hit a 52-week high of $6.93 and a 52-week low of $3.95. Over the past month, the stock has gained 10.41% in value.
Equinox Gold Corp, whose market valuation is $3.07 billion at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.23 per share this quarter, however they have predicted annual earnings per share of 0.28 for current year and 1.02 for next year.
Analysts have forecast the company to bring in revenue of 569M for the current quarter, with the likely lows of 569M and highs of 569M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.5B.
On the technical side, indicators suggest EQX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% 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 9.34% off the SMA20 and 16.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.22, and weekly volatility stands at 3.22%. When measured over the past 30 days, the indicator reaches 4.14%. Equinox Gold Corp (AMEX:EQX)’s beta value is currently sitting at 1.31, while the Average True Range indicator is currently displaying 0.27.
To see how Equinox Gold Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: EQX stock’s performance was -1.82% at last check in today’s session, and 55.54% in the past year. Equinox Gold Corp has a P/E ratio of 13.95.
An evaluation of the daily trading volume of Equinox Gold Corp (AMEX:EQX) indicates that the 3-month average is 5.69 million. However, this figure has increased over the past 10 days to an average of 9.12.
Currently, records show that 428.65 million of the company’s shares remain outstanding. The insiders hold 15.55% of outstanding shares, whereas institutions hold 50.07%. The stats also highlight that short interest as of 2025-01-15, stood at 20.05 million shares, resulting in a short ratio of 3.8 at that time. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 15.42 million. However, since the stock’s price has seen 34.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
