The trading price of Equinox Gold Corp (AMEX:EQX) closed higher on Tuesday, April 23, closing at $5.72, 0.88% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 65.60. In examining the 52-week price action we see that the stock hit a 52-week high of $6.50 and a 52-week low of $3.95. Over the past month, the stock has gained 7.32% in value.
Equinox Gold Corp, whose market valuation is $1.85 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.05 per share this quarter, however they have predicted annual earnings per share of 0.12 for current year and 0.5 for next year.
Analysts have forecast the company to bring in revenue of 284M for the current quarter, with the likely lows of 275M and highs of 293M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.43B.
On the technical side, indicators suggest EQX has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that EQX’s price is currently -4.13% off the SMA20 and 10.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.59, and weekly volatility stands at 4.05%. When measured over the past 30 days, the indicator reaches 4.66%. Equinox Gold Corp (AMEX:EQX)’s beta value is currently sitting at 1.20, while the Average True Range indicator is currently displaying 0.26.
To see how Equinox Gold Corp stock has been performing in comparison to its peers in the industry, here are the numbers: EQX stock’s performance was 0.88% in the latest trading, and 14.40% in the past year. Equinox Gold Corp has a P/E ratio of 65.60.
An evaluation of the daily trading volume of Equinox Gold Corp (AMEX:EQX) indicates that the 3-month average is 2.45 million.
Currently, records show that 318.01 million of the company’s shares remain outstanding. The insiders hold 8.37% of outstanding shares, whereas institutions hold 56.48%. However, since the stock’s price has seen 16.97% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
