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Does Equinox Gold Corp. (AMEX:EQX) have deteriorating prospects?

May 26, 2023
in Industry

The stock of Equinox Gold Corp. (AMEX:EQX) last traded at $4.41, down -5.77% from the previous session.

Data from the available sources indicates that Equinox Gold Corp. (AMEX:EQX) is covered by 10 analysts. The consensus rating among analysts is ‘Hold’. EQX stock price is now -13.94% away from the 50-day moving average and 9.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.

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In total, 4 analysts have assigned it a hold rating, and 4 have given it a buy rating.

A total of 8.49% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in EQX stock. A new stake in Equinox Gold Corp. shares was purchased by INVENOMIC CAPITAL MANAGEMENT LP during the first quarter worth $4,403,000. PDT PARTNERS, LLC invested $958,000 in shares of EQX during the first quarter. In the first quarter, CORECOMMODITY MANAGEMENT, LLC acquired a new stake in Equinox Gold Corp. valued at approximately $652,000. SIGMA PLANNING CORP acquired a new stake in EQX for approximately $644,000. QUADRATURE CAPITAL LTD purchased a new stake in EQX valued at around $260,000 in the second quarter. In total, there are 247 active investors with 46.10% ownership of the company’s stock.

With an opening price of $4.6600 on Thursday morning, Equinox Gold Corp. (AMEX: EQX) set off the trading day. During the past 12 months, Equinox Gold Corp. has had a low of $2.35 and a high of $6.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.30, and a quick ratio of 2.10. The fifty day moving average price for EQX is $5.1298 and a two-hundred day moving average price translates $4.0465 for the stock.

The latest earnings results from Equinox Gold Corp. (AMEX: EQX) was released for Mar, 2023. According to the Gold Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.05 by -0.11. This compares to -$0.07 EPS in the same period last year. The company reported revenue of $234.09 million for the quarter, compared to $223.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.9 percent. For the current quarter, analysts expect EQX to generate $245.1M in revenue.

Equinox Gold Corp.(EQX) Company Profile

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interest in the Mesquite Gold Mine and Castle Mountain Gold Mine located in California, the United States; Los Filos Mine Complex located in Guerrero State, Mexico; Aurizona Gold Mine located in Maranhão State, Brazil; Fazenda Gold Mine and Santa Luz Gold Mine located in Bahia State, Brazil; and RDM Gold Mine located in Mina Gerais State, Brazil. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is based in Vancouver, Canada.

Tags: AMEX:EQXEquinox Gold Corp.EQXEQX stock

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