Equinox Gold Corp. (AMEX:EQX) saw an upside of 4.88% to $4.84 after adding $0.23on Wednesday. The 5-day average trading volume is 1,010,410 shares of the company’s common stock. It has gained $4.85 in the past week and touched a new high 4 times within the past 5 days. An average of 1,455,427 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,588,245.
EQX’s 1-month performance is -6.30% or -$0.27 on its low of $4.40 reached on 08/17/23. The company’s shares have touched a 52-week low of $2.35 and high of $5.84, with the stock’s rally to the 52-week high happening on 04/12/23. YTD, EQX has achieved 47.41% or $1.53 and has reached a new high 20 times. However, the current price is down -17.28% from the 52-week high price.
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Valuation Metrics
EQX stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.46 while the price-to-book (PB) in the most recent quarter is 0.63.
Equinox Gold Corp.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.30, while the total debt to equity was 0.36. In terms of profitability, the gross margin trailing 12 months is 28.50%. The trailing 12-month EBITDA margin is 20.92% while for the period ending June 29, Equinox Gold Corp.’s operating margin was 1.70%. The firm’s gross profit as reported stood at $84.97 million against revenue of $952.2 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EQX to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.16, representing a -220.00% surprise. EBITDA for the quarter stood at more than $62.47 million. EQX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.66 billion, with total debt at $862.34 million.
Let’s look briefly at Equinox Gold Corp. (EQX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 53.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.10%.
The stock’s 5-day moving average is $4.60, reflecting a +8.58% or $0.38 change from its current price. EQX is currently trading -6.60% above its 20-day SMA, -10.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.63% and SMA200 by+90.12%.
Stochastic %K and %D was 34.74% and 23.78% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 50.57%, while the 14-day stochastic is at 56.94% with the period’s ATR at 0.20. The stock’s 9-day MACD Oscillator is pointing at 0.03 and -0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Equinox Gold Corp. (AMEX: EQX), CIBC downgraded it to a Sector underperform rating. They previously had a Neutral rating on the stock.
