Meaningful positive changes in fundamentals have recently occurred for Equinox Gold Corp (NYSEAMERICAN: EQX): the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2025 increased significantly.
Significant positive changes in investment behavior have recently occurred for Equinox Gold Corp (NYSEAMERICAN: EQX): its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EQX’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Equinox Gold has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Equinox Gold has a good Power Rating of 79 and a very high Appreciation Score of 94, producing the Highest Value Trend Rating.
Recent Price Action
Equinox Gold Corp (NYSEAMERICAN: EQX) stock closed at $5.69 on 8/20/24 after being unchanged was unchanged. NORMAL trading volume accompanied the flat performance. The stock has risen 10.9% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment