TSX:EQXMetals and Mining
Equinox Gold (TSX:EQX) Stock Looks Cheap But Future Delivery Carries The Story
Equinox Gold stock has climbed over the past week but still sits below its 90 day level. The Q2 print forces a sharper question. You now have a mid cap miner trading on a P/E of 19.2x and carrying a Double Discount, with the market price well under a discounted cash flow estimate, yet expectations for the business are loaded into the out years.
The headline from this quarter is the earnings trend. Basic earnings per share moved to US$0.28 in Q2 and trailing twelve month earnings from...