Stock Rating Upgrade
The Value Trend Rating for Equinox Gold Corp (NYSEAMERICAN: EQX) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Equinox Gold Corp (NYSEAMERICAN: EQX) stock declined slightly by -1.0%, closing at $6.19. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EQX is expected to be a modest Value Builder.
Equinox Gold has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Equinox Gold has a neutral Power Rating of 50 but a good Appreciation Score of 84, and the Positive Value Trend Rating results.
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