Featured MNV Articles:
|Analyst Favorites: Equinox Gold Ranks As a Top Metals Pick
Thursday, November 5, 11:45 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Equinox Gold Corp (EQX) ...
EQX Makes Notable Cross Below Critical Moving Average
Tuesday, November 10, 11:19 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Equinox Gold Corp (EQX) crossed below their 200 day ...
Interesting EQX Put And Call Options For July 2021
Friday, November 20, 10:42 AM ET, by Market News Video Staff
Investors in Equinox Gold Corp (EQX) saw new options begin trading this week, for the ...
Equinox Gold (EQX) Shares Enter Oversold Territory
Tuesday, November 24, 11:36 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Equinox Gold Corp (EQX) entered into oversold territory, changing ...
EQX Makes Bullish Cross Above Critical Moving Average
Tuesday, December 1, 4:12 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Equinox Gold Corp (EQX) crossed above their 200 day ...
Analyst Favorites: Equinox Gold Ranks As a Top Metals Pick
By Metals Channel Staff, Thursday, November 5, 11:45 AM ET
A study of analyst recommendations at the major brokerages shows that Equinox Gold Corp (AMEX:EQX) is the #17 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
EQX operates in the Precious Metals sector, among companies like Newmont Corp (NEM) which is up about 4.6% today, and Barrick Gold Corp. (GOLD) trading up by about 7.2%. Below is a three month price history chart comparing the stock performance of EQX, versus NEM and GOLD.
EQX is currently trading up about 7.9% midday Thursday.
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