How to Buy Equinox Gold Stock
Equinox Gold Corp
Equinox Gold Corp. engages in the exploration of gold mining properties. The company is headquartered in Vancouver, British Columbia.
Equinox Gold stock last closed at $7.03, up 0.29% from the previous day, and has increased 23.99% in one year. It has underperformed other stocks in the Gold industry by 0.29 percentage points. Equinox Gold stock is currently +56.92% from its 52-week low of $4.48, and -5.64% from its 52-week high of $7.45.
At the moment, there are 455.23M EQX shares outstanding. The market capitalization of EQX is $3.20B. In the past 24 hours, 10.79M EQX shares were traded.
How to Buy Equinox Gold Stock
Not sure how to invest in Equinox Gold stock? Here's how.
- Choose where to buy Equinox Gold stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Equinox Gold stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Equinox Gold stock: The Equinox Gold ticker symbol is EQX. Is Equinox Gold stock a good investment? Should you buy shares of EQX? How do EQX's underlying business fundamentals look? Do top analysts think Equinox Gold is a good buy? Why has EQX's stock price moved recently? (Hint: Our stock market analysis website can help you decide if EQX is a good stock to buy).
- Make your EQX purchase: Decide if you will purchase EQX shares at the current market price or use a limit order to buy EQX shares at a given price.
- Get the latest scoop on your EQX position: Create a watchlist to important notifications about your investment in Equinox Gold stock.
Step 1: Choose where to buy Equinox Gold stock
You will need a brokerage account to access the NYSEMKT market and buy EQX stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you can invest in EQX today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on our top ranked stock trading app, you need to deposit funds:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Equinox Gold stock
After you have decided on the best place to buy Equinox Gold stock, it's important to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Equinox Gold stock data
Fundamentals of Equinox Gold
WallStreetZen was designed to help part-time investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on EQX's stock page.
Is EQX stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge EQX's fair value.
Using relative valuations measures:
- EQX could be undervalued based on its P/E ratio of 8.27x, relative to Gold industry P/E ratio of 37.03x
- EQX may be undervalued based on its P/B ratio of 0.94x, relative to Gold industry P/B ratio of 2.49x
- EQX may be undervalued based on its PEG ratio of 0.16x
You can do additional valuation research on EQX's stock here.
EQX Financial Health Overview
Positive Financial Indicators:
- Total EQX debt is lower than 5 years ago, relative to shareholder equity.
- EQX has cash burn of 39889000. It has enough cash and short-term investments to cover this for at least one year.
- EQX profit margin has gone up from 2.7% to 22.4% in the past year.
- There are more short-term assets than short-term liabilities on the EQX balance sheet.
- EQX has $257.67M in cash and short term investments. This is sufficient to cover its annual cash burn of $39.89M.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the EQX balance sheet.
- EQX has a relatively high debt to equity ratio of 0.98.
EQX Technical Indicators
EQX Earnings
Last year, EQX earnings were $339.29M. In the past four year, EQX's earnings have increased by 70.75% per year. This was faster than the Gold industry average of 9.69%.
Last year, EQX revenue was $1.51B. In the past five year, EQX's revenue has gone up by 39.98% per year. This was faster than the Gold industry average of 17.63%.
Find out more about EQX's earnings and revenue performance here.
Who is buying/selling EQX?
In the last 12 months, insiders at EQX have not bought or sold any shares.
Dig into more about who owns EQX shares here.
Does EQX provide a stable income stream?
No, Equinox Gold doesn't provide an income stream by paying out dividends.
EQX Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your EQX purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and your broker will execute the order.
If you need more help buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your EQX position
Now that you own some EQX shares, you'll want to keep up with your company.
Start a watchlist to get the latest updates about your EQX stock.
EQX Feed
How to Buy Stock in Equinox Gold
To reiterate, here are the 6 steps to buy stock in Equinox Gold:
- Choose where to buy Equinox Gold stock
- Create your brokerage account
- Put funds into your brokerage account
- Analyze Equinox Gold stock
- Make your EQX purchase
- Get the latest scoop on your EQX position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Equinox Gold, create a watchlist on WallStreetZen today.
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