Stock Track | Equinox Gold Soars 5.01% Intraday on Analyst Upgrades and Positive Ratings

Stock Track02-24 23:30

Equinox Gold Corp.'s stock surged 5.01% during intraday trading on Tuesday, reflecting strong investor confidence following positive analyst actions.

The rally appears to be driven by two key analyst reports released pre-market. ATB Cormark Capital Markets maintained its Buy rating on Equinox Gold with a price target of C$29.00. More significantly, CIBC upgraded the stock from "neutral" to "outperformer" and raised its price target to C$32 from C$26.5, representing a substantial increase in valuation expectations.

These analyst actions, highlighting improved outlook and higher target prices, likely contributed to the buying pressure and the stock's significant price appreciation during the trading session.

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