Equinox Gold (TSE:EQX) Shares Up 4.1%

Posted by on Jun 25th, 2023

Shares of Equinox Gold Corp. (TSE:EQX – Get Rating) shot up 4.1% during mid-day trading on Friday . The company traded as high as C$6.20 and last traded at C$6.16. 106,240 shares traded hands during trading, a decline of 85% from the average session volume of 723,753 shares. The stock had previously closed at C$5.92.

Equinox Gold Stock Performance

The stock’s 50-day moving average price is C$6.66 and its 200-day moving average price is C$6.00. The company has a debt-to-equity ratio of 35.80, a quick ratio of 1.31 and a current ratio of 3.30. The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of -19.58 and a beta of 0.72.

Equinox Gold (TSE:EQX – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported C($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.11) by C$0.07. Equinox Gold had a negative net margin of 7.15% and a negative return on equity of 2.80%. The company had revenue of C$316.57 million during the quarter. As a group, equities research analysts expect that Equinox Gold Corp. will post 0.0269453 earnings per share for the current year.

Equinox Gold Company Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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