Equinox Gold Corp (AMEX: EQX) is -6.34% lower on its value in year-to-date trading and has touched a low of $3.43 and a high of $5.84 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 $4.38 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $4.58, the stock is 5.52% and 1.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing 4.57% at the moment leaves the stock -2.46% off its SMA200. EQX registered 19.90% gain for a year compared to 6-month loss of -9.31%. The firm has a 50-day simple moving average (SMA 50) of $1.90 and a 200-day simple moving average (SMA200) of $7.12.
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The stock witnessed a -1.08% gain in the last 1 month and extending the period to 3 months gives it a -16.42%, and is 11.71% up 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 4.49% over the week and 3.89% over the month.
Equinox Gold Corp (EQX) has around 6561 employees, a market worth around $1.48B and $1.09B in sales. Current P/E ratio is 52.52 and Fwd P/E is 7.67. Profit margin for the company is 2.65%. Distance from 52-week low is 33.53% and -21.64% from its 52-week high. The company has generated returns on investments over the last 12 months (0.89%).
Equinox Gold Corp quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $284M over the same period.The EPS is expected to grow by 77.03% this year, but quarterly earnings will post 32.60% year-over-year.
Equinox Gold Corp (EQX) Top Institutional Holders
261 institutions hold shares in Equinox Gold Corp (EQX), with institutional investors hold 61.60% of the company’s shares. The shares outstanding are 318.01M, and float is at 295.62M with Short Float at 4.67%. Institutions hold 56.56% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 29.75 million shares valued at $136.25 million. The investor’s holdings represent 9.50% of the EQX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.33 million shares valued at $42.72 million to account for 2.98% of the shares outstanding. The other top investors are Sprott Inc. which holds 8.14 million shares representing 2.60% and valued at over $37.3 million, while Dimensional Fund Advisors LP holds 1.90% of the shares totaling 5.93 million with a market value of $27.18 million.
Equinox Gold Corp (EQX) Insider Activity
A total of 34 insider transactions have happened at Equinox Gold Corp (EQX) in the last six months, with sales accounting for 10 and purchases happening 24 times.
