An analyst sees good growth prospects for Equinox Gold Corp (EQX)

With 8.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.97 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $5.545 whereas the lowest price it dropped to was $5.23. The 52-week range on EQX shows that it touched its highest point at $6.50 and its lowest point at $3.95 during that stretch. It currently has a 1-year price target of $7.06. Beta for the stock currently stands at 1.22.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EQX was down-trending over the past week, with a drop of -7.83%, but this was down by -1.78% over a month. Three-month performance surged to 25.68% while six-month performance rose 22.62%. The stock gained 11.94% in the past year, while it has gained 13.09% so far this year. A look at the trailing 12-month EPS for EQX yields 0.09 with Next year EPS estimates of 0.60. For the next quarter, that number is -0.07. This implies an EPS growth rate of 161.25% for this year and 228.13% for next year.

Float and Shares Shorts:

At present, 318.01 million EQX shares are outstanding with a float of 296.53 million shares on hand for trading. On 2024-04-15, short shares totaled 14.96 million, which was 454.0 higher than short shares on 1710460800. In addition to Mr. Gregory D. Smith C.A. as the firm’s CEO, President & Director, Mr. Douglas Reddy P.Geo. serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.57339 of EQX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, EQX reported revenue of $297791000.0 and operating income of $25297000.0. The EBITDA in the recently reported quarter was $93537000.0 and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EQX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.