Equinox Gold Corp [AMEX: EQX] gained 2.71% or 0.15 points to close at $5.68 with a heavy trading volume of 5730791 shares.
The daily chart for EQX points out that the company has recorded 25.11% gains over the past six months.
If we look at the average trading volume of 3.09M shares, EQX reached to a volume of 5730791 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Equinox Gold Corp [EQX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQX shares is $6.99 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Desjardins have made an estimate for Equinox Gold Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on January 18, 2024, representing the official price target for Equinox Gold Corp stock.
The Average True Range (ATR) for Equinox Gold Corp is set at 0.28, with the Price to Sales ratio for EQX stock in the period of the last 12 months amounting to 1.69. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 0.88.
Trading performance analysis for EQX stock
Equinox Gold Corp [EQX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.18. With this latest performance, EQX shares dropped by -5.65% in over the last four-week period, additionally plugging by 25.11% over the last 6 months – not to mention a rise of 14.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQX stock in for the last two-week period is set at 51.17, with the RSI for the last a single of trading hit 49.69, and the three-weeks RSI is set at 52.93 for Equinox Gold Corp [EQX]. The present Moving Average for the last 50 days of trading for this stock 5.28, while it was recorded at 5.48 for the last single week of trading, and 4.86 for the last 200 days.
Equinox Gold Corp [EQX]: A deeper dive into fundamental analysis
Equinox Gold Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 1.74.
An analysis of Institutional ownership at Equinox Gold Corp [EQX]
The top three institutional holders of EQX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in EQX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in EQX stock with ownership which is approximately 5.8386%.
