Is Equinox Gold Stock a Good Investment?
Equinox Gold Investment Advice | EQX |
- Examine Equinox Gold's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Equinox Gold's leadership team and their track record. Good management can help Equinox Gold navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact Equinox Gold's business and its evolving consumer preferences.
- Compare Equinox Gold's performance and market position to its competitors. Analyze how Equinox Gold is positioned in terms of product offerings, innovation, and market share.
- Check if Equinox Gold pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Equinox Gold's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Equinox Gold Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Equinox Gold Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Equinox Gold Stock
Researching Equinox Gold's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 62.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Equinox Gold Corp last dividend was issued on the 20th of August 2019. The entity had 1:5 split on the 20th of August 2019.
To determine if Equinox Gold is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Equinox Gold's research are outlined below:
| 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 zacks.com: Are Basic Materials Stocks Lagging McEwen Mining This Year |
Equinox Gold Quarterly Cash And Short Term Investments |
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Equinox Gold uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Equinox Gold Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Equinox Gold's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 20th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Equinox Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Equinox Gold's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-06-21 | 2018-03-31 | -0.06 | -0.05 | 0.01 | 16 | ||
2024-11-06 | 2024-09-30 | 0.12 | 0.09 | -0.03 | 25 | ||
2024-05-08 | 2024-03-31 | -0.07 | -0.04 | 0.03 | 42 | ||
2024-02-21 | 2023-12-31 | -0.02 | 0.01 | 0.03 | 150 | ||
2023-08-03 | 2023-06-30 | -0.05 | -0.02 | 0.03 | 60 | ||
2021-08-04 | 2021-06-30 | 0.05 | 0.01 | -0.04 | 80 | ||
2020-05-18 | 2020-03-31 | 0.12 | 0.08 | -0.04 | 33 | ||
2023-02-21 | 2022-12-31 | -0.03 | 0.02 | 0.05 | 166 |
Equinox Gold Target Price Consensus
Equinox target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Equinox Gold's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 9 | Buy |
Most Equinox analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Equinox stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Equinox Gold Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationEquinox Gold Target Price Projection
Equinox Gold's current and average target prices are 5.84 and 6.29, respectively. The current price of Equinox Gold is the price at which Equinox Gold Corp is currently trading. On the other hand, Equinox Gold's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Equinox Gold Market Quote on 19th of January 2025
Target Price
Analyst Consensus On Equinox Gold Target Price
Equinox Gold Analyst Ratings
Equinox Gold's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Equinox Gold stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Equinox Gold's financials, market performance, and future outlook by experienced professionals. Equinox Gold's historical ratings below, therefore, can serve as a valuable tool for investors.Equinox Gold's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 2.68 B.Market Cap |
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Equinox Gold's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.01 | 0.01 |
Determining Equinox Gold's profitability involves analyzing its financial statements and using various financial metrics to determine if Equinox Gold is a good buy. For example, gross profit margin measures Equinox Gold's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Equinox Gold's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Equinox Gold's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Equinox Gold Corp. Check Equinox Gold's Beneish M Score to see the likelihood of Equinox Gold's management manipulating its earnings.
Evaluate Equinox Gold's management efficiency
Equinox Gold Corp has Return on Asset of 0.0131 % which means that on every $100 spent on assets, it made $0.0131 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0872 %, implying that it generated $0.0872 on every 100 dollars invested. Equinox Gold's management efficiency ratios could be used to measure how well Equinox Gold manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.01 in 2025. Return On Capital Employed is likely to rise to 0.01 in 2025. At this time, Equinox Gold's Total Assets are fairly stable compared to the past year. Total Current Assets is likely to rise to about 1 B in 2025, despite the fact that Other Assets are likely to grow to (4.7 M).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 7.03 | 7.38 | |
| Net Current Asset Value | 87 K | 77.4 K | |
| Tangible Asset Value | 87 K | 77.4 K | |
| Tangible Book Value Per Share | 7.03 | 7.38 | |
| Enterprise Value Over EBITDA | 7.06 | 7.41 | |
| Price Book Value Ratio | 0.72 | 0.69 | |
| Enterprise Value Multiple | 7.06 | 7.41 | |
| Price Fair Value | 0.72 | 0.69 | |
| Enterprise Value | 2.1 B | 2.2 B |
At Equinox Gold Corp, management's focus on innovation and efficiency has led to impressive financial results. We assess these factors to determine the stock's attractiveness to investors.
Beta 1.191 |
Basic technical analysis of Equinox Stock
As of the 19th of January, Equinox Gold shows the Downside Deviation of 3.39, mean deviation of 2.76, and Coefficient Of Variation of 6618.74. Equinox Gold Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Equinox Gold's Outstanding Corporate Bonds
Equinox Gold issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Equinox Gold Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Equinox bonds can be classified according to their maturity, which is the date when Equinox Gold Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View |
Understand Equinox Gold's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Equinox Gold's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0204 | |||
| Market Risk Adjusted Performance | (1.34) | |||
| Mean Deviation | 2.76 | |||
| Semi Deviation | 3.2 | |||
| Downside Deviation | 3.39 | |||
| Coefficient Of Variation | 6618.74 | |||
| Standard Deviation | 3.8 | |||
| Variance | 14.43 | |||
| Information Ratio | 0.0073 | |||
| Jensen Alpha | 0.0481 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0082 | |||
| Treynor Ratio | (1.35) | |||
| Maximum Drawdown | 21.93 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.98 | |||
| Downside Variance | 11.51 | |||
| Semi Variance | 10.24 | |||
| Expected Short fall | (3.43) | |||
| Skewness | 0.5075 | |||
| Kurtosis | 1.4 |
| Risk Adjusted Performance | 0.0204 | |||
| Market Risk Adjusted Performance | (1.34) | |||
| Mean Deviation | 2.76 | |||
| Semi Deviation | 3.2 | |||
| Downside Deviation | 3.39 | |||
| Coefficient Of Variation | 6618.74 | |||
| Standard Deviation | 3.8 | |||
| Variance | 14.43 | |||
| Information Ratio | 0.0073 | |||
| Jensen Alpha | 0.0481 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0082 | |||
| Treynor Ratio | (1.35) | |||
| Maximum Drawdown | 21.93 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.98 | |||
| Downside Variance | 11.51 | |||
| Semi Variance | 10.24 | |||
| Expected Short fall | (3.43) | |||
| Skewness | 0.5075 | |||
| Kurtosis | 1.4 |
Consider Equinox Gold's intraday indicators
Equinox Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Equinox Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Equinox Gold Corporate Filings
| 14th of January 2025 Other Reports | ViewVerify | |
6K | 10th of January 2025 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
F3 | 10th of October 2024 An amendment to the original Schedule 13D filing | ViewVerify |
Equinox Stock media impact
Far too much social signal, news, headlines, and media speculation about Equinox Gold that are available to investors today. That information is available publicly through Equinox media outlets and privately through word of mouth or via Equinox internal channels. However, regardless of the origin, that massive amount of Equinox data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Equinox Gold news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Equinox Gold relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Equinox Gold's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Equinox Gold alpha.
Equinox Gold Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Equinox Gold can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Equinox Gold Corporate Directors
| Lenard Boggio | Lead Independent Director | Profile | |
| Gordon Campbell | Independent Director | Profile | |
| Wesley Clark | Independent Director | Profile | |
| Peter Marrone | Independent Director | Profile |
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.