Equinox Gold Corp (AMEX: EQX) has a price-to-earnings ratio of 11.75x that is above its average ratio. Additionally, the 36-month beta value for EQX is 1.30. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQX is 358.31M and currently, short sellers hold a 3.25% ratio of that float. The average trading volume of EQX on October 21, 2024 was 3.21M shares.
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
EQX) stock’s latest price update
The stock price of Equinox Gold Corp (AMEX: EQX) has jumped by 5.70 compared to previous close of 5.44. Despite this, the company has seen a fall of -2.04% in its stock price over the last five trading days. newsfilecorp.com reported 2024-10-16 that Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to provide an operations update on its new Greenstone Gold Mine in Ontario, Canada. Greg Smith, President & CEO of Equinox Gold, commented: “Since commencing operations, the Greenstone Mine has demonstrated good progress with both mining and processing rates increasing substantially during Q3 and into October.
EQX’s Market Performance
Equinox Gold Corp (EQX) has seen a -2.04% fall in stock performance for the week, with a -6.35% decline in the past month and a 4.36% surge in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.59% for EQX.. The simple moving average for the past 20 days is -3.22% for EQX’s stock, with a 7.77% simple moving average for the past 200 days.
EQX Trading at -0.35% from the 50-Day Moving Average
After a stumble in the market that brought EQX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.54% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -5.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.39% upper at present.
During the last 5 trading sessions, EQX fell by -2.04%, which changed the moving average for the period of 200-days by +25.55% in comparison to the 20-day moving average, which settled at $5.94. In addition, Equinox Gold Corp saw 17.59% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EQX
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Equinox Gold Corp stands at 0.22. The total capital return value is set at 0.01. Equity return is now at value 8.80, with 4.60 for asset returns.
Based on Equinox Gold Corp (EQX), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 256.48 million with net debt to EBITDA at 5.18. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 17.45for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In conclusion, Equinox Gold Corp (EQX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
