Equinox Gold Corp (AMEX:EQX)’s traded shares stood at 2.16 million during the latest session, with the company’s beta value hitting 1.30. At the last check today, the stock’s price was $5.80, to imply a decrease of -5.76% or -$0.36 in intraday trading. The EQX share’s 52-week high remains $6.50, putting it -12.07% down since that peak but still an impressive 31.9% since price per share fell to its 52-week low of $3.95. The company has a valuation of $2.49B, with an average of 3.53 million shares in intraday trading volume over the past 10 days and average of 2.93 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Equinox Gold Corp (EQX), translating to a mean rating of 1.89. Of 15 analyst(s) looking at the stock, 0 analyst(s) give EQX a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.16.
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Equinox Gold Corp (AMEX:EQX) trade information
After registering a -5.76% downside in the latest session, Equinox Gold Corp (EQX) has traded red over the past five days. The 5-day price performance for the stock is -10.14%, and 7.50% over 30 days. With these gigs, the year-to-date price performance is 18.71%. Short interest in Equinox Gold Corp (AMEX:EQX) saw shorts transact 11.93 million shares and set a 4.11 days time to cover.
Equinox Gold Corp (EQX) estimates and forecasts
Looking at statistics comparing Equinox Gold Corp share performance against respective industry, we note that the company has outperformed competitors. Equinox Gold Corp (EQX) shares are -6.07% down over the last 6 months, with its year-to-date growth rate higher than industry average at 485.71% against 21.40%. Revenue is forecast to grow 77.80% this quarter before jumping 2,200.00% for the next one. The rating firms project that company’s revenue will grow 44.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 465M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 545.51M.Earnings reports from the last fiscal year show that sales brought in 284.75M and 297.8M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 63.30% before jumping 83.20% in the following quarter.
EQX Dividends
Equinox Gold Corp has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Equinox Gold Corp (AMEX:EQX)’s Major holders
Equinox Gold Corp insiders hold 6.40% of total outstanding shares, with institutional holders owning 64.15% of the shares at 68.53% float percentage. In total, 64.15% institutions holds shares in the company, led by ORION RESOURCE PARTNERS LP. As of 2024-06-30, the company held over 42.0 million shares (or 12.9634% of shares), all amounting to roughly $219.66 million.
The next major institution holding the largest number of shares is VAN ECK ASSOCIATES CORP with 38.17 million shares, or about 11.7803% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $199.61 million.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Equinox Gold Corp (EQX) shares. Going by data provided on Aug 31, 2024, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 17.11 shares. This is just over 3.99% of the total shares, with a market valuation of $98.32 million. Data from the same date shows that the other fund manager holds a little less at 16.77, or 3.91% of the shares, all valued at about 96.35 million.
