Equinox Gold Corp. (AMEX: EQX) is -21.18% lower on its value in year-to-date trading and has touched a low of $7.72 and a high of $13.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EQX stock was last observed hovering at around $8.39 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $14.36 for the next 12 months. It is also 54.72% off the consensus price target high of $18.00 offered by 10 analysts, but current levels are 26.91% higher than the price target low of $11.15 for the same period.
Currently trading at $8.15, the stock is -5.27% and -3.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -2.86% at the moment leaves the stock -22.60% off its SMA200. EQX registered -6.75% loss for a year compared to 6-month loss of -30.46%. The firm has a 50-day simple moving average (SMA 50) of $8.41 and a 200-day simple moving average (SMA200) of $10.20.
The stock witnessed a 4.22% gain in the last 1 month and extending the period to 3 months gives it a -15.54%, and is -6.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.62% over the week and 3.70% over the month.
Equinox Gold Corp. (EQX) has around 622 employees, a market worth around $2.47B and $842.50M in sales. Current P/E ratio is 203.75. Profit margin for the company is 2.50%. Distance from 52-week low is 5.57% and -40.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.60%).
Equinox Gold Corp. (EQX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Equinox Gold Corp. (EQX) is a “Buy”. 10 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Equinox Gold Corp. is expected to release its quarterly report on 08/05/2021.The EPS is expected to grow by 157.90% this year.
Equinox Gold Corp. (EQX) Top Institutional Holders
220 institutions hold shares in Equinox Gold Corp. (EQX), with 31.28M shares held by insiders accounting for 12.88% while institutional investors hold 40.43% of the company’s shares. The shares outstanding are 242.34M, and float is at 198.75M with Short Float at 2.37%. Institutions hold 35.22% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 29.9 million shares valued at $309.22 million. The investor’s holdings represent 10.05% of the EQX Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.42 million shares valued at $56.04 million to account for 1.82% of the shares outstanding. The other top investors are Smith (Donald) & Company Inc. which holds 4.55 million shares representing 1.53% and valued at over $47.07 million, while Invesco Ltd. holds 1.18% of the shares totaling 3.51 million with a market value of $36.29 million.