With over 7.92 million Equinox Gold Corp (EQX) shares trading Tuesday and a closing price of $4.59 on the day, the dollar volume was approximately $36.36 million. The shares have shown a negative half year performance of -1.29% and its price on 12/12/23 lost nearly -7.27%. Currently, there are 307.37M common shares owned by the public and among those 285.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for EQX have a consensus price objective of $6.09. The analysts have set the share’s price value over the next 12 months at a high of $8.38 and a low of $5.15. The average price target is 24.63% above its recent price level and an upside to the estimated low will see the stock gain 10.87% over that period. But an upside of 45.23% will see the stock hit the forecast high price target while median target price for the stock is $6.23.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 142 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 108 of these insider trades were purchases, accounting for 346,210 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 236,519 shares.
The top 3 mutual fund holders in Equinox Gold Corp are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund. VanEck Gold Miners ETF owns 16.91 million shares of the company’s stock, all valued at over $74.42 million. The company bought an additional 71672.0 shares recently to bring their total holdings to about 5.41% of the shares outstanding. VanEck Junior Gold Miners ETF bought 15804.0 shares to see its total holdings expand to 11.89 million shares valued at over $52.32 million and representing 3.80% of the shares outstanding. Kopernik Global All Cap Fund bought 0.17 million shares to bring its total holdings to over 7.53 million shares at a value of $33.14 million. Kopernik Global All Cap Fund now owns shares totaling to 2.41% of the shares outstanding.
Shares of Equinox Gold Corp (AMEX: EQX) opened at $4.93, down -$0.02 from a prior closing price of $4.95. However, the script later moved the day high at 4.9800, down -7.27%. The company’s stock has a 5-day price change of -13.23% and -5.17% over the past three months. EQX shares are trading 39.94% year to date (YTD), with the 12-month market performance up to 26.45% higher. It has a 12-month low price of $3.21 and touched a high of $5.84 over the same period. EQX has an average intraday trading volume of 2.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.10%, -2.23%, and -3.94% respectively.
Institutional ownership of Equinox Gold Corp (AMEX: EQX) shares accounts for 52.70% of the company’s 307.37M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.44B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 32.97, while the earnings-per-share (ttm) stands at $0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.15% over the week and 4.03% over the month.
Analysts forecast that Equinox Gold Corp (EQX) will achieve an EPS of -$0.04 for the current quarter, -$0.02 for the next quarter and $0.13 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.01. Earnings per share for the fiscal year are expected to increase by 98.75%, and 6325.64% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Equinox Gold Corp (EQX) as a “Moderate Buy” at a consensus score of 2.33. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
