Equinox Gold Corp (AMEX:EQX) concluded the trading at $6.2 on Wednesday, July 16 with a rise of 1.31% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $6.12 and 5Y monthly beta was reading 1.422 with its price kept floating in the range of $6.14 and $6.4 on the day. Company’s P/E ratio for the trailing 12 months is 12.44. Considering stock’s 52-week price range provides that EQX hit a high price of $7.45 and saw its price falling to a low level of $4.48 during that period. Over a period of past 1-month, stock came subtracting -3.73% in its value.
In contrast, when we review EQX stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of Hold. 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 0.18. It further provides that stock’s current price level is 3.40% away from its 20-day simple moving average and is -2.27% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 51.18 while volatility remained at 3.18% over the past week which changes to 3.41% when measuring it over the past month. Beta is valued at 1.10.
Having a second look at Equinox Gold Corp (AMEX:EQX) provides that stock’s average daily trading volume for 3 months was 14.47 million, while it jumped to 13652180 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 758.99 million.
The percentage of outstanding shares held by the insiders is 15.12% while it is 37.27% for the institutional holders. In June the standing of shares short improved as it was 26.21 million in the previous month. Addition of 3.51% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
