Analyst Rating: Will Equinox Gold Corp (EQX) Stock Lead the Market?

Wall Street is positive on Equinox Gold Corp (EQX). On average, analysts give the stock a Buy rating. The average price target is $6.26, which means analysts expect the stock to climb by 21.32% over the next twelve months. That average ranking earns the stock an Analyst Rating of 23, which is better than 23% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating EQX a Buy today. Find out what this means to you and get the rest of the rankings on EQX!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Equinox Gold Corp Stock Today?

Equinox Gold Corp (EQX) stock is trading at $5.16 as of 10:33 AM on Tuesday, Aug 29, a rise of $0.08, or 1.57% from the previous closing price of $5.08. The stock has traded between $5.03 and $5.16 so far today. Volume today is light. So far 492,301 shares have traded compared to average volume of 1,489,147 shares. Click Here to get the full Stock Report for Equinox Gold Corp stock.