Equinox Gold Corp Stock Performance
| EQX Stock | USD 5.80 0.14 2.47% |
On a scale of 0 to 100, Equinox Gold holds a performance score of 10. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Equinox Gold are expected to decrease at a much lower rate. During the bear market, Equinox Gold is likely to outperform the market. Please check Equinox Gold's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Equinox Gold's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Equinox Gold Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, Equinox Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.47 | Five Day Return 9.02 | Year To Date Return 23.4 | Ten Year Return 35.67 | All Time Return 35.67 |
Last Split Factor 1:5 | Dividend Date 2019-08-20 | Last Split Date 2019-08-20 |
1 | What is Wall Streets Target Price for Equinox Gold Corp Stock Monday - InvestorsObserver | 03/25/2024 |
2 | Equinox Gold Corps Meteoric Rise Unpacking the 21 percent Surge in Just 3 Months | 03/29/2024 |
3 | Gold Road Considers Major Stake In Greenstone Investors Wary Of Potential High Costs | 04/15/2024 |
4 | Equinox Gold buys rest of Greenstone gold mine in 995M cash and stock deal | 04/23/2024 |
5 | Equinox Gold Finalizes Major Financing Deal - TipRanks.com - TipRanks | 04/26/2024 |
6 | Equinox Gold Corp. Expected to Earn FY2024 Earnings of 0.43 Per Share - MarketBeat | 05/01/2024 |
7 | Trend Tracker for - Stock Traders Daily | 05/06/2024 |
8 | Equinox Gold reports mixed Q1 results reaffirms FY24 outlook | 05/09/2024 |
9 | Whats Driving Equinox Gold Corps Surprising 22 percent Stock Rally | 05/17/2024 |
| Begin Period Cash Flow | 200.7 M |
Equinox |
Equinox Gold Relative Risk vs. Return Landscape
If you would invest 456.00 in Equinox Gold Corp on February 21, 2024 and sell it today you would earn a total of 124.00 from holding Equinox Gold Corp or generate 27.19% return on investment over 90 days. Equinox Gold Corp is generating 0.4252% of daily returns assuming volatility of 3.3157% on return distribution over 90 days investment horizon. In other words, 29% of stocks are less volatile than Equinox, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Equinox Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinox Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Equinox Gold Corp, and traders can use it to determine the average amount a Equinox Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1282
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Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Equinox Gold is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Equinox Gold by adding it to a well-diversified portfolio.
Equinox Gold Fundamentals Growth
Equinox Stock prices reflect investors' perceptions of the future prospects and financial health of Equinox Gold, and Equinox Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Equinox Stock performance.
| Return On Equity | -0.013 | ||||
| Return On Asset | 0.0064 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | (0.02) % | ||||
| Current Valuation | 2.97 B | ||||
| Shares Outstanding | 386.4 M | ||||
| Price To Earning | 2.31 X | ||||
| Price To Book | 0.81 X | ||||
| Price To Sales | 1.82 X | ||||
| Revenue | 1.11 B | ||||
| Gross Profit | 262.67 M | ||||
| EBITDA | 256.48 M | ||||
| Net Income | 29.41 M | ||||
| Cash And Equivalents | 200.77 M | ||||
| Cash Per Share | 0.84 X | ||||
| Total Debt | 966.74 M | ||||
| Debt To Equity | 0.28 % | ||||
| Current Ratio | 2.89 X | ||||
| Book Value Per Share | 7.30 X | ||||
| Cash Flow From Operations | 299.02 M | ||||
| Earnings Per Share | (0.10) X | ||||
| Market Capitalization | 2.19 B | ||||
| Total Asset | 4.33 B | ||||
| Retained Earnings | 346.77 M | ||||
| Working Capital | 354.36 M | ||||
| Current Asset | 105.76 M | ||||
| Current Liabilities | 55.65 M | ||||
About Equinox Gold Performance
To evaluate Equinox Gold Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Equinox Gold generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Equinox Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Equinox Gold Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Equinox's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 148.11 | 155.51 | |
| 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 |
Things to note about Equinox Gold Corp performance evaluation
Checking the ongoing alerts about Equinox Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Equinox Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Equinox Gold Corp had very high historical volatility over the last 90 days | |
| Latest headline from gurufocus.com: Whats Driving Equinox Gold Corps Surprising 22 percent Stock Rally |
- Analyzing Equinox Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Equinox Gold's stock is overvalued or undervalued compared to its peers.
- Examining Equinox Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Equinox Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Equinox Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Equinox Gold's stock. These opinions can provide insight into Equinox Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary 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.
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Is Equinox Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equinox Gold. If investors know Equinox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equinox Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.83) | Earnings Share (0.10) | Revenue Per Share 3.468 | Quarterly Revenue Growth 0.031 | Return On Assets 0.0064 |
The market value of Equinox Gold Corp is measured differently than its book value, which is the value of Equinox that is recorded on the company's balance sheet. Investors also form their own opinion of Equinox Gold's value that differs from its market value or its book value, called intrinsic value, which is Equinox Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equinox Gold's market value can be influenced by many factors that don't directly affect Equinox Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equinox Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinox Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinox Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.