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Equinox Gold shares jumped 10.9% after BMO upgraded its price target to C$20, reflecting strong analyst optimism.
Equinox Gold (TSE:EQX) shares rose 10.9% to C$16.57 on Thursday after BMO Capital Markets upgraded its price target to C$20.00, joining multiple other firms that have raised ratings or targets.
The stock, trading above its 50-day and 200-day moving averages, reflects strong analyst sentiment with a consensus "Strong Buy" rating and a target price of C$21.50 to C$23.00.
The gold producer operates seven mines across the Americas and aims to exceed one million ounces of annual gold output.
Despite a negative P/E ratio and a market cap of C$12.75 billion to C$13.28 billion, the stock's volatility remains high with a beta of 2.41.
Las acciones de Equinox Gold subieron un 10,9% después de que BMO elevara su precio objetivo a C$20, lo que refleja un fuerte optimismo de los analistas.