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Equinox Gold (TSE:EQX) Stock Price Down 8.8% - What's Next?

Equinox Gold logo with Basic Materials background

Equinox Gold Corp. (TSE:EQX - Get Free Report) dropped 8.8% during trading on Thursday . The stock traded as low as C$7.31 and last traded at C$7.36. Approximately 204,288 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 674,928 shares. The stock had previously closed at C$8.07.

Equinox Gold Price Performance

The stock has a market cap of C$3.40 billion, a P/E ratio of 9.26 and a beta of 1.16. The company has a 50 day simple moving average of C$7.80 and a 200 day simple moving average of C$7.68. The company has a current ratio of 1.10, a quick ratio of 1.31 and a debt-to-equity ratio of 51.77.

Equinox Gold (TSE:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C($0.01). Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%. The company had revenue of C$368.65 million for the quarter. Sell-side analysts forecast that Equinox Gold Corp. will post 1.3865979 earnings per share for the current fiscal year.

About Equinox Gold

(Get Free Report)

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.

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