Equinox Gold Corp (AMEX:EQX) price on Thursday, June 12, fall -5.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.54.
A look at the stock’s price movement, the close in the last trading session was $6.95. The PE ratio in trailing twelve months stood at 13.12. Turning to its 52-week performance, $7.45 and $4.48 were the 52-week high and 52-week low respectively. Overall, EQX moved 8.10% over the past month.
Equinox Gold Corp’s market cap currently stands at around $2.98 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EQX is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% 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.
The technical evaluation for the stock shows the PEG ratio is 0.17, with EQX’s current price about -2.01% and -0.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.02, while 7-day volatility ratio is 3.09% and 2.79% in the 30-day chart. Further, Equinox Gold Corp (EQX) has a beta value of 1.16, and an average true range (ATR) of 0.28.
If we refocus on Equinox Gold Corp (AMEX:EQX), historical trading data shows that trading volumes averaged 13.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 456.08 million shares.
The 13.48% of Equinox Gold Corp’s shares are in the hands of company insiders while institutional holders own 60.26% of the company’s shares. Current price change has pushed the stock 30.28% 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.
