As this happened, TD Cowen initiated its Equinox Gold Corp [EQX] rating to a Hold in a research note published on February 04, 2025; the price target was $35. A number of analysts have revised their coverage, including Desjardins’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. RBC Capital Mkts revised its rating on September 12, 2023. It rated EQX as “a Sector perform” which previously was an “an Underperform”.
Price Performance Review of EQX
On Tuesday, Equinox Gold Corp [AMEX:EQX] saw its stock fall -0.72% to $6.94. Over the last five days, the stock has gained 5.63%. Equinox Gold Corp shares have risen nearly 38.25% since the year began. Nevertheless, the stocks have risen 39.36% over the past one year. While a 52-week high of $7.22 was reached on 02/20/25, a 52-week low of $4.48 was recorded on 01/06/25. SMA at 50 days reached $6.34, while 200 days put it at $5.76.
Levels Of Support And Resistance For EQX Stock
The 24-hour chart illustrates a support level at 6.81, which if violated will result in even more drops to 6.68. On the upside, there is a resistance level at 7.12. A further resistance level may holdings at 7.30. The Relative Strength Index (RSI) on the 14-day chart is 58.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.44%. Stochastics %K at 83.23% indicates the stock is a selling.
How much short interest is there in Equinox Gold Corp?
A steep rise in short interest was recorded in Equinox Gold Corp stocks on 2025-02-28, growing by 2.18 million shares to a total of 22.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 19.99 million shares. There was a rise of 9.84%, which implies that there is a positive sentiment for the stock.
