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Equinox Gold Corp. (EQX)

NYSE American - Nasdaq Real Time Price. Currency in USD

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Visitors trend2W10W9M

5.83

-0.05

(-0.85%)

As of 04:00PM EDT. Market open.

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O
Fully built out my position now. Seems like all bad news is now priced in. GLTA
Bullish
D
Will we retest 52wk low?
Bullish
B
One thing for sure (unlike IAMGOLD) is they telegraphed this poor H1 well in advanced so I gotta give this company that credit.... makes their forecasts more believable.

As far as the downtrend... one thing I found interesting is how spot gold has been rather range bound in the 60s recently with low volume spikes especially given the fed meeting... consolidation or bottom? To little volume for consolidation BUT one thing for sure is that the swaps have not been covered as much as with Silver.... so there are gold longs sticking it through (or prob expecting delivery)... June contracts numbers are rather high and few recent swap coverings should be interesting. I'd say the recent blow out in Gold was to shake loose fruit for June but that hasn't really happened.

As an aside, I liked the oracle's take on Bitcoin... That's one man with a following where msm can't fudge around his comments. I find it rather bullish on Gold.
G
Bought more EQX today. As usual with miners, overdone, irrational selling by gamblers and the fearful.
J
Canadian Insider website shows that, on April 8, 2022, the President of Equinox Gold exercised rights at $10.78 CAD and sold all of those shares on the same day at $10.76 CAD, in the public market. I saw that yesterday, just in time to lower my near-term expectations. Also, in the voting instructions, I noticed that there will be a vote to dilute existing shareholders.
J
bought more today at $7.23 🙏
B
Earnings are a joke. No wonder this company has such a depressed price.... it deserves it. It will be better H2 lol... story they keep telling but why believe it when they can't be profitable at sell price of $1862 oz.

Consistent growth is what a business should strive for.. if not quarter over quarter then at least for the quarter year over year but NOPE.. the numbers of oz are down and this is suppose to be a growth story... what a complete joke. I give them credit for buying property (which anyone can do) but executing cost savings and increasing oz. is very lacking.

Company's growth targets are a dream and they do not have the skills to match those lofty pipe induced moonshots...But here's an idea.... Hire a person that can... like the Kirkland guy...Now that guy could get things done.

And they are going to blow past their H1 AISC guidance ...that you can count on.
P
It's so quiet.
T
I LOVE SAYING STUPID COMMENTS LIKE "BANDWAGON" AND "BIG LEAGUE".
I THINK IT REALLY BIG LEAGUE EFFECTIVE!!!!
M
These mining stocks are a joke. Even with gold above $1900 they can’t get a decent move up. I’m done with this sector.
S
EQX did not change 2022 guidance. The long-term premise still holds. We've hit the floor. Buy when others are fearful. Upside from here. See the May '22 corporate presentation. https://www.equinoxgold.com/presentations
Presentations — Equinox Gold Interim
www.equinoxgold.com
Bullish
A
Complete overreaction
S
15% drop ontop of an already depressed share price. I feel sick!
T
I DIDN’T MAKE THE CHEERLEADING SQUAD IN HIGH SCHOOL. THANKFULLY I HAVE YAHOO FINANCE!!!
P
It's the rain season in Brazil right now anyway. Just look up weather in Aurizona, Brazil. Most of the Brazil production comes during the dry season in the second half the year. The RDM permit delay is annoying, but it's not a huge production hit at this point hence the muted response. I'm back at my full position at these levels. I'll buy more $10 calls for FY23 & FY24 if we test $4.50 USD.
Bullish
J
Wondered if maybe I got something wrong. So, I checked. Item 3 on the Voting Instruction Form says, "Resolved that: ...the Company's Restricted Share Unit Plan be increased by 5,400,000, from 7,000,000 to 12,400,000; and..."
T
I DON’T KNOW WHY I SPOUT SUCH BS ALL THE TIME. I CAN’T HELP IT. I HAVE A PROBLEM!!!
T
I DON’T KNOW ROSS BEATTY!!!
B
Mining gurus like Marin pumped this stock really hard last few years and passed the bags to retails.
A
typically, a good investor would make a stock or indice "prove it" by closing above a significant MA for 3 consecutive days.
While you may forgo some early and immediate gains, you have a much greater chance of success than throwing a dart into a trendless entity or a downtrending entity.
Right now, the miners and metals are still in a clear downtrend.
This could last until August or it could end today, either way, I will be watching for confirmed breakouts or will be wary of continuing breakdowns.
Hero trading is for the young and dumb imo, and I've been both---it worked until it didn't and when it didn't---it failed spectacularly.