The stock of Equinox Gold Corp. (AMEX:EQX) decreased by -$1.01 on Tuesday to finish at $4.23, down -19.27 percent. The last five days have seen an average of 3,780,080 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.95. The average number of shares traded over the last 20 days was 1,868,765, while the average volume over the last 50 days totaled 1,667,068.
EQX stock dropped -7.03% since last month. On 09/19/23, the company’s shares reached a one-month low of $4.20. The stock touched a high of $5.84 on 04/12/23, after rallying from a low of $2.35 in 52 weeks. The price of EQX stock has risen by 28.96% or $0.95 this year, reaching a new high 20 times. Still, the stock price is down -27.63% from the 52-week high.
Valuation Metrics
Equinox Gold Corp. (EQX) has a trailing price-to-earnings (P/E) ratio of 94.00. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.27, the price-to-book (PB) ratio of 0.55.
Financial Health
For the three months ended June 29, Equinox Gold Corp.’s quick ratio was 1.10, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.30, and the total debt to equity ratio is 0.36. As far as profitability goes, gross margin for the trailing twelve months is 28.50% percent. Equinox Gold Corp.’s EBITDA margin for the year ended June 29 was 20.92%, whereas its operating margin stood at 1.70% for the same period. Based on annual data, it had gross profit of $84.97 million and revenue of $952.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EQX’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 0.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.60%.
Earnings Surprise
According to Equinox Gold Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Equinox Gold Corp.’s quarterly earnings would be -$0.16, but it ended up being -$0.05. EBITDA was $62.47 million for the quarter. At the end of Equinox Gold Corp.’s most recent quarter ended June 29, its liabilities totaled 1.66 billion, while its total debt was $862.34 million.
Technical Picture
Here’s a quick look at Equinox Gold Corp.’s (EQX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 31.58%, suggesting the stock is Neutral, with a 116.12% historical volatility rate.
The stochastic %K and %D were 57.58% and 63.59% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 2.71%, the RSI (14) reading is 36.18%. On the 9-day MACD Oscillator, the stock is at 0.06, and the 14-day reading is at 0.03.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Equinox Gold Corp. (AMEX: EQX) to a Sector perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Equinox Gold Corp. (EQX) an Overweight rating. EQX is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is EQX’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.81 and $6.97, with a median target price of $6.60. In analyzing these forecasts, the average price target given by analysts for Equinox Gold Corp. (EQX) is $6.16.
