The stock of Equinox Gold Corp (EQX) has seen a -6.13% decrease in the past week, with a 6.17% gain in the past month, and a -10.41% decrease in the past quarter. The volatility ratio for the week is 6.54%, and the volatility levels for the past 30 days are at 4.07% for EQX. The simple moving average for the past 20 days is -3.36% for EQX’s stock, with a -1.22% simple moving average for the past 200 days.
Is It Worth Investing in Equinox Gold Corp (AMEX: EQX) Right Now?
Equinox Gold Corp (AMEX: EQX) has a higher price-to-earnings ratio of 11.41x compared to its average ratio. EQX has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for EQX is 385.23M, and currently, short sellers hold a 3.96% ratio of that float. The average trading volume of EQX on December 16, 2024 was 4.26M shares.
EQX) stock’s latest price update
Equinox Gold Corp (AMEX: EQX) has seen a decline in its stock price by -0.36 in relation to its previous close of 5.53. However, the company has experienced a -6.13% decline in its stock price over the last five trading sessions. youtube.com reported 2024-12-03 that Equinox Gold Chairman Ross Beaty joins CNBC’s Street Signs from the sidelines of the Resourcing Tomorrow conference in London to discuss gold prices and recent M&A activity in the industry.
EQX Trading at -2.54% 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 -15.23% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 6.54%, as shares surge +6.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.77% lower at present.
During the last 5 trading sessions, EQX fell by -6.39%, which changed the moving average for the period of 200-days by +25.46% in comparison to the 20-day moving average, which settled at $5.70. In addition, Equinox Gold Corp saw 12.68% 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:
- 0.09 for the present operating margin
- 0.14 for the gross margin
The net margin for Equinox Gold Corp stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 8.72, with 4.41 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 0.16. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 1.52.
Currently, EBITDA for the company is 291.09 million with net debt to EBITDA at 4.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.08. The receivables turnover for the company is 19.3for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To put it simply, Equinox Gold Corp (EQX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
