On 9/12/24, Equinox Gold Corp (NYSEAMERICAN: EQX) stock enjoyed a major increase of 10.1%, closing at $6.22. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. Relative to the market the stock has been strong over the last nine months and has risen 15.2% during the last week.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Equinox Gold has a good Power Rating of 84 and a very high Appreciation Score of 94, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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