Equinox Gold Corp (EQX) concluded trading on 12/06/23 at a closing price of $5.28, with 3.26 million shares of worth about $17.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.39% during that period and on Wednesday the price saw a loss of about -0.19%. Currently the company’s common shares owned by public are about 307.37M shares, out of which, 285.75M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the EQX stock and their offered price forecasts bring an average price target of $6.09. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.38 and could fall to a lowest price of $5.15. The stock’s current price level is 13.16% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.52% for the stock. However, touching the estimated high of $8.38 would mean a gain of 36.99% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 142 times over the past 12 months. They bought 346,210 shares in 108 of the transactions. In 34 selling transactions, insiders dumped 236,519 shares.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund are the top 3 mutual funds which are holding stakes in Equinox Gold Corp VanEck Gold Miners ETF is currently holding 16.91 million shares of worth totaling $74.42 million. The company recently came buying 71672.0 shares which brought its stake up to 5.41% of the company’s outstanding shares. VanEck Junior Gold Miners ETF bought 15804.0 shares, after which its hold over company’s outstanding shares expand to 3.80%, leaving 11.89 million shares with the mutual fund that have a worth of about $52.32 million. Kopernik Global All Cap Fund, after buying 7.37 million shares, have now control over 2.35% of the stake in the company. It holds 0.0 shares of worth $32.41 million.
Equinox Gold Corp (AMEX: EQX) started trading at $5.34, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 5.38, or with a loss of -0.19%. Stock saw a price change of -2.76% in past 5 days and over the past one month there was a price change of 9.09%. Year-to-date (YTD), EQX shares are showing a performance of 60.98% which increased to 45.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.21 but also hit the highest price of $5.84 during that period. The average intraday trading volume for Equinox Gold Corp shares is 2.33 million. The stock is currently trading 6.68% above its 20-day simple moving average (SMA20), while that difference is up 14.31% for SMA50 and it goes to 11.24% higher than SMA200.
Equinox Gold Corp (AMEX: EQX) currently have 307.37M outstanding shares and institutions hold larger chunk of about 52.18% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.65B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 37.93, while it has posted earnings per share of $0.14 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQX, volatility over the week remained 3.83% while standing at 3.77% over the month.
Analysts are in expectations that Equinox Gold Corp (EQX) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.01 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 98.75% while it is estimated to increase by 6325.64% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Equinox Gold Corp (EQX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.33. Out of those 9 Wall Street analysts, 3 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
