At the time of writing, Equinox Gold Corp [EQX] stock is trading at $6.31, up 1.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EQX shares have gain 21.11% over the last week, with a monthly amount glided 23.24%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Equinox Gold Corp fluctuated between $3.95 and $6.50. Equinox Gold Corp [AMEX: EQX] shares were valued at $6.31 at the most recent close of the market.
Analyzing the EQX fundamentals
According to Equinox Gold Corp [AMEX:EQX], the company’s sales were 1.09B for trailing twelve months, which represents an -0.78% plunge. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 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 0.46.
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 6.22 points at the first support level, and at 6.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.39, and for the 2nd resistance point, it is at 6.48.
Ratios To Look Out For
It is important to note that Equinox Gold Corp [AMEX:EQX] has a current ratio of 1.10. In addition, the Quick Ratio stands at 0.45 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 0.84 and price to earnings (TTM) ratio is 12.90.
