Do Traders Think Equinox Gold Corp (EQX) Can Keep Climbing Thursday?

Overall market sentiment has been high on Equinox Gold Corp (EQX) stock lately. EQX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Equinox Gold Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EQX!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EQX Stock Today?

Equinox Gold Corp (EQX) stock has gained 9.83% while the S&P 500 has fallen -0.42% as of 12:18 PM on Thursday, Dec 1. EQX is up $0.35 from the previous closing price of $3.51 on volume of 1,648,793 shares. Over the past year the S&P 500 is lower by -11.04% while EQX has fallen -45.56%. EQX earned $0.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.14.

More About Equinox Gold Corp

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Click Here to get the full Stock Report for Equinox Gold Corp stock.