Equinox Gold Corp Stock Buy Hold or Sell Recommendation
| EQX Stock | USD 5.54 0.16 2.81% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Equinox Gold Corp is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Equinox Gold Corp given historical horizon and risk tolerance towards Equinox Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for Equinox Gold Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Equinox Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Equinox and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Equinox Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
Equinox |
Execute Equinox Gold Buy or Sell Advice
The Equinox recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Equinox Gold Corp. Macroaxis does not own or have any residual interests in Equinox Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Equinox Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Equinox Gold Trading Alerts and Improvement Suggestions
| Equinox Gold Corp had very high historical volatility over the last 90 days | |
| About 62.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Equinox Gold price target raised to C8.75 from C8.50 at Scotiabank - TipRanks |
Equinox Gold Returns Distribution Density
The distribution of Equinox Gold's historical returns is an attempt to chart the uncertainty of Equinox Gold's future price movements. The chart of the probability distribution of Equinox Gold daily returns describes the distribution of returns around its average expected value. We use Equinox Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Equinox Gold returns is essential to provide solid investment advice for Equinox Gold.
| Mean Return | 0.03 | Value At Risk | -4.95 | Potential Upside | 5.70 | Standard Deviation | 3.47 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Equinox Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Equinox Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Equinox Gold or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Equinox Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Equinox stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 3.49 | |
Ir | Information ratio | -0.03 |
Equinox Gold Volatility Alert
Equinox Gold Corp shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Equinox Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Equinox Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Equinox Gold Fundamentals Vs Peers
Comparing Equinox Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Equinox Gold's direct or indirect competition across all of the common fundamentals between Equinox Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Equinox Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Equinox Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Equinox Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Equinox Gold to competition |
| Fundamentals | Equinox Gold | Peer Average |
| Return On Equity | 0.0872 | -0.31 |
| Return On Asset | 0.0131 | -0.14 |
| Profit Margin | 0.20 % | (1.27) % |
| Operating Margin | 0.20 % | (5.51) % |
| Current Valuation | 3.91 B | 16.62 B |
| Shares Outstanding | 455.4 M | 571.82 M |
| Shares Owned By Insiders | 6.01 % | 10.09 % |
| Shares Owned By Institutions | 61.84 % | 39.21 % |
| Number Of Shares Shorted | 11.72 M | 4.71 M |
| Price To Earning | 2.31 X | 28.72 X |
| Price To Book | 0.80 X | 9.51 X |
| Price To Sales | 2.11 X | 11.42 X |
| Revenue | 1.11 B | 9.43 B |
| Gross Profit | 262.67 M | 27.38 B |
| EBITDA | 291.09 M | 3.9 B |
| Net Income | 29.41 M | 570.98 M |
| Cash And Equivalents | 200.77 M | 2.7 B |
| Cash Per Share | 0.84 X | 5.01 X |
| Total Debt | 945.37 M | 5.32 B |
| Debt To Equity | 0.28 % | 48.70 % |
| Current Ratio | 2.89 X | 2.16 X |
| Book Value Per Share | 7.58 X | 1.93 K |
| Cash Flow From Operations | 358.46 M | 971.22 M |
| Short Ratio | 3.32 X | 4.00 X |
| Earnings Per Share | 0.55 X | 3.12 X |
| Target Price | 6.77 | |
| Number Of Employees | 3.69 K | 18.84 K |
| Beta | 1.19 | -0.15 |
| Market Capitalization | 2.61 B | 19.03 B |
| Total Asset | 4.33 B | 29.47 B |
| Retained Earnings | 348.55 M | 9.33 B |
| Working Capital | 354.36 M | 1.48 B |
| Current Asset | 105.76 M | 9.34 B |
Equinox Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Equinox . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 142258.0 | |||
| Daily Balance Of Power | (0.80) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 5.54 | |||
| Day Typical Price | 5.54 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.16) | |||
| Relative Strength Index | 53.72 |
About Equinox Gold Buy or Sell Advice
When is the right time to buy or sell Equinox Gold Corp? Buying financial instruments such as Equinox Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Equinox Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wholesale Theme or any other thematic opportunities.
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Additional Tools for Equinox Stock Analysis
When running Equinox Gold's price analysis, check to measure Equinox Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equinox Gold is operating at the current time. Most of Equinox Gold's value examination focuses on studying past and present price action to predict the probability of Equinox Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinox Gold's price. Additionally, you may evaluate how the addition of Equinox Gold to your portfolios can decrease your overall portfolio volatility.