A share price of Equinox Gold Corp [EQX] is currently trading at $6.02, up 6.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The EQX shares have gain 11.90% over the last week, with a monthly amount glided 51.64%, and seem to be holding up well over a long-time horizon.
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
On 21, February 2024, Equinox Gold Reports Q4 and Fiscal 2023 Financial and Operating Results, Provides 2024 Production Guidance of 660,000 to 750,000 Ounces of Gold. In a post published today on Yahoo Finance, All financial figures are in US dollars, unless otherwise indicated.
From an analyst’s perspective:
Equinox Gold Corp [AMEX: EQX] stock has seen the most recent analyst activity on January 30, 2024, when Desjardins upgraded its rating to a Buy. On September 12, 2023, upgrade upgraded it’s rating to Sector Perform. CIBC downgraded its rating to a Sector Underperform. RBC Capital Mkts downgraded its rating to a Underperform. Desjardins downgraded its rating to Hold for this stock on January 26, 2022. In a note dated June 02, 2021, RBC Capital Mkts initiated an Sector Perform rating.
Equinox Gold Corp experienced fluctuations in its stock price throughout the past year between $3.95 and $5.84. Equinox Gold Corp [AMEX: EQX] shares were valued at $6.02 at the most recent close of the market.
Analyzing the EQX fundamentals
Trailing Twelve Months sales for Equinox Gold Corp [AMEX:EQX] were 1.09B which represents 14.85% growth. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.75 points at the first support level, and at 5.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.20, and for the 2nd resistance point, it is at 6.39.
Equinox Gold Corp [EQX] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of -$0.02 per share, a difference of $0.11 representing a surprise of 550.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Equinox Gold Corp [AMEX:EQX] is 1.74. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 69.04.
