With over 2.62 million Equinox Gold Corp. (EQX) shares trading Tuesday and a closing price of $4.18 on the day, the dollar volume was approximately $10.97 million. The shares have shown a positive half year performance of 11.17% and its price on 03/14/23 gained nearly 3.47%. Currently, there are 305.20M common shares owned by the public and among those 280.59M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for EQX have a consensus price objective of $4.50. The analysts have set the share’s price value over the next 12 months at a high of $7.01 and a low of $3.47. The average price target is 30.33% above its recent price level and a downside to the estimated low will see the stock lose -20.46% over that period. But an upside of 40.37% will see the stock hit the forecast high price target while median target price for the stock is $4.22.
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The top 3 mutual fund holders in Equinox Gold Corp. are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund. VanEck Gold Miners ETF owns 15.9 million shares of the company’s stock, all valued at over $57.89 million. The company bought an additional 43769.0 shares recently to bring their total holdings to about 5.17% of the shares outstanding. VanEck Junior Gold Miners ETF bought 0.1 million shares to see its total holdings expand to 10.67 million shares valued at over $38.85 million and representing 3.47% of the shares outstanding. Kopernik Global All Cap Fund sold -1.68 million shares to bring its total holdings to over 7.69 million shares at a value of $28.01 million. Kopernik Global All Cap Fund now owns shares totaling to 2.50% of the shares outstanding.
Shares of Equinox Gold Corp. (AMEX: EQX) opened at $4.02, down -$0.02 from a prior closing price of $4.04. However, the script later moved the day high at 4.2450, up 3.47%. The company’s stock has a 5-day price change of 18.75% and 15.15% over the past three months. EQX shares are trading 27.44% year to date (YTD), with the 12-month market performance down to -47.22% lower. It has a 12-month low price of $2.35 and touched a high of $9.07 over the same period. EQX has an average intraday trading volume of 2.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.77%, 4.94%, and 4.77% respectively.
Institutional ownership of Equinox Gold Corp. (AMEX: EQX) shares accounts for 47.69% of the company’s 305.20M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.76B and a beta (3y monthly) value of 0.74. The earnings-per-share (ttm) stands at -$0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.54% over the week and 5.13% over the month.
Analysts forecast that Equinox Gold Corp. (EQX) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.17 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -121.00%, and 55.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Equinox Gold Corp. (EQX) as a “Hold” at a consensus score of 3.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 2 rated it as a “Sell.”
