Equinox Gold Corp. (AMEX:EQX) does about 2.40M shares in volume on a normal day but saw 1513858 shares change hands in Monday trading. The company now has a market cap of 1.36B USD. Its current market price is $4.49, marking an increase of 0.90% compared to the previous close of $4.45. The 52 week high reached by this stock is $9.07 whilst the lowest price level in 52 weeks is $2.35. The script in recent trading has seen the stock touch a high of $4.49 and a low of $4.32.
Equinox Gold Corp. (EQX) has a 20-day trading average at $3.89 and the current price is -50.50% off the 52-week high compared with 91.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.68 and its 200-day simple moving average is $4.50. If we look at the stock’s price movements over the week, volatility stands at 5.85%, which decreases to 5.73% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.89 to suggest the stock is neutral.
11 analysts observing the Equinox Gold Corp. (EQX) stock have set the 12-month price targets for the company’s shares at between $3.13 and $6.70. The consensus objective for the share price is $6.25, suggesting that the stock has a potential upside of 28.16% over the period. The median price target is -0.45% away from the current levels at $4.47.
FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Hold the stock.
The current price level is 16.78%, 22.64%, and -0.57% away from its SMA20, SMA50, and SMA200 respectively, with the EQX price moving below the 50-day SMA on January 23. Equinox Gold Corp. (EQX) stock is up 7.93% over the week and 26.12% over the past month. Its price is 36.89% year-to-date and -37.73% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.16 below consensus estimates by -$0.11. The company’s next earnings report is expected on 05/03/2023, with forecasts estimating quarterly EPS at $0 and -$0.3 for whole year. EQX’s earnings per share are forecast to shrink by -236.40% this year and 20.00% over next year.
Its 12-month price target is $4.47. To reach the target analysts have set, the stock logically needs to grow 28.16 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.13, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.70.
Outstanding shares total 304.98M with insiders holding 8.02% of the shares and institutional holders owning 44.88% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 3.12. The beta has a value of 0.81. Price to book ratio is 0.59 and price to sales ratio is 1.27.
According to a U.S. Securities and Exchange Commission filing, VanEck Gold Miners ETF has added its position in Equinox Gold Corp. (EQX) to 15,860,046 shares, mirroring a recent increase by 0.31%. VanEck Gold Miners ETF added 49400.0 shares of Equinox Gold Corp. common stock bringing its total worth to about $52.02 million at the end of recent close, SEC documents show. Kopernik Global All Cap Fund raise their holdings by 22.11% in the company over the course of the most recent quarter. It now holds a 3.22% position in Equinox Gold Corp. thanks to 9.82 million shares amounting to $32.19 million.