Equinox Gold Corp (AMEX:EQX), 31.3% Above Its High, Could Make A Strong Comeback.

In last trading session, Equinox Gold Corp (AMEX:EQX) saw 5.63 million shares changing hands with its beta currently measuring 1.30. Company’s recent per share price level of $5.75 trading at $0.31 or 5.70% at ring of the bell on the day assigns it a market valuation of $2.46B. That closing price of EQX’s stock is at a discount of -13.04% from its 52-week high price of $6.50 and is indicating a premium of 31.3% from its 52-week low price of $3.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.12 million shares which gives us an average trading volume of 3.21 million if we extend that period to 3-months.

For Equinox Gold Corp (EQX), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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

Equinox Gold Corp (AMEX:EQX) trade information

Upright in the green during last session for gaining 5.70%, in the last five days EQX remained trading in the red while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $5.75 price level, adding 4.96% to its value on the day. Equinox Gold Corp’s shares saw a change of 17.59% in year-to-date performance and have moved -2.04% in past 5-day. Equinox Gold Corp (AMEX:EQX) showed a performance of -6.35% in past 30-days. Number of shares sold short was 11.65 million shares which calculate 3.51 days to cover the short interests.

Equinox Gold Corp (EQX) estimates and forecasts

Statistics highlight that Equinox Gold Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -4.17% of value to its shares in past 6 months, showing an annual growth rate of 485.71% while that of industry is 22.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Equinox Gold Corp (AMEX:EQX)’s Major holders

Insiders are in possession of 6.40% of company’s total shares while institution are holding 63.46 percent of that, with stock having share float percentage of 67.80%. Investors also watch the number of corporate investors in a company very closely, which is 63.46% institutions for Equinox Gold Corp that are currently holding shares of the company. ORION RESOURCE PARTNERS LP is the top institutional holder at EQX for having 42.0 million shares of worth $219.66 million. And as of 2024-06-30, it was holding 12.9634 of the company’s outstanding shares.

The second largest institutional holder is VAN ECK ASSOCIATES CORP, which was holding about 38.17 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7803 of outstanding shares, having a total worth of $199.61 million.