What should you know before buying stock in Equinox Gold Corp (EQX)

Equinox Gold Corp (AMEX: EQX) is 12.27% higher on its value in year-to-date trading and has touched a low of $3.95 and a high of $6.50 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 $5.44 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $5.49, the stock is -0.64% and -5.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 0.92% at the moment leaves the stock 0.70% off its SMA200. EQX registered 16.81% gain for a year compared to 6-month loss of -5.18%. The firm has a 50-day simple moving average (SMA 50) of $5.793 and a 200-day simple moving average (SMA200) of $5.4464.

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The stock witnessed a -4.52% gain in the last 1 month and extending the period to 3 months gives it a -8.04%, and is 5.58% 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 3.15% over the week and 4.35% over the month.

Equinox Gold Corp (EQX) has around 8000 employees, a market worth around $3.51B and $1.24B in sales. Current P/E ratio is 11.37 and Fwd P/E is 5.21. Profit margin for the company is 19.83%. Distance from 52-week low is 38.99% and -15.54% from its 52-week high. The company has generated returns on investments over the last 12 months (5.50%).

with sales reaching $550M over the same period.The EPS is expected to grow by 273.06% this year, but quarterly earnings will post 63.92% year-over-year. Quarterly sales are estimated to grow 84.69% in year-over-year returns.

Equinox Gold Corp (EQX) Top Institutional Holders

299.0 institutions hold shares in Equinox Gold Corp (EQX), with institutional investors hold 65.78% of the company’s shares. The shares outstanding are 455.40M, and float is at 380.82M with Short Float at 3.93%. Institutions hold 61.82% of the Float.

The top institutional shareholder in the company is ORION RESOURCE PARTNERS LP with over 42.0 million shares valued at $219.66 million. The investor’s holdings represent 12.9634% of the EQX Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 38.17 million shares valued at $199.61 million to account for 11.7803 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.37 million shares representing 4.1264% and valued at over $69.92 million, while DONALD SMITH & CO., INC. holds 4.1121 of the shares totaling 13.32 million with a market value of $69.68 million.