Equinox Gold Corp (AMEX: EQX) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Equinox Gold Produces 564,500 Ounces of Gold in 2023, Reports 155,000 Ounces of Gold Produced in Fourth Quarter.

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Stocks Info

Equinox Gold Corp is listed on the AMEX as a member of the Basic Materials sector and is a part of the Gold industry. At the end of the last regular session, the stock closed at $4.63 and fluctuated between $4.6300 as its day high and $4.4301 as its day low. The current market capitalization of Equinox Gold Corp is $1.45B. A total of 2.48 million shares were traded on the day, compared to an average of 2.04M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EQX has seen 7 BUY and 5 SELL insider trades, representing the acquisition of 17,790 and the disposition of 33,035 shares. Over the last 12 months, there were 72 BUYs and 20 SELLs from insiders. Insiders purchased 198,866 shares during that period but sold 151,474.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, EQX has a high of $5.84 and a low of $3.38.

As of this writing, EQX has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.16 in the last quarter, which was -220.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EQX’s latest balance sheet shows that the firm has $546.03M in Cash & Short Term Investments as of fiscal 2021. There were $567.62M in debt and $402.57M in liabilities at the time. Its Book Value Per Share was $7.59, while its Total Shareholder’s Equity was $2.59B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EQX is Buy with a score of 3.90.

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