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Is Equinox Gold Corp (EQX) a good stock to buy now?

Equinox Gold Corp (AMEX: EQX) is 25.36% higher on its value in year-to-date trading and has touched a low of $3.95 and a high of $6.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQX stock was last observed hovering at around $6.02 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $6.13, the stock is 21.01% and 31.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.44 million and changing 1.83% at the moment leaves the stock 29.75% off its SMA200. EQX registered 17.66% gain for a year compared to 6-month loss of 43.90%. The firm has a 50-day simple moving average (SMA 50) of $2.43 and a 200-day simple moving average (SMA200) of $9.09.

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The stock witnessed a 51.36% gain in the last 1 month and extending the period to 3 months gives it a 23.34%, and is 15.01% 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 4.60% over the week and 4.36% over the month.

Current P/E ratio is 70.30 and Fwd P/E is 9.72. Profit margin for the company is 2.65%. Distance from 52-week low is 55.19% and 0.16% 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 -$0.02 with sales reaching $293M over the same period.The EPS is expected to grow by 139.90% this year, but quarterly earnings will post 33.30% year-over-year.

Equinox Gold Corp (EQX) Top Institutional Holders

265 institutions hold shares in Equinox Gold Corp (EQX), with institutional investors hold 62.14% of the company’s shares. The shares outstanding are 318.01M, and float is at 295.61M with Short Float at 4.83%. Institutions hold 57.06% 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.

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