Snowline Gold (CVE:SGD) Price Target Raised to C$17.25

Snowline Gold (CVE:SGD) had its price target boosted by stock analysts at Canaccord Genuity Group from C$16.50 to C$17.25 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 263.16% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Snowline Gold in a report on Sunday, April 28th. BMO Capital Markets set a C$10.50 target price on shares of Snowline Gold and gave the stock an “outperform” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$11.44.

Snowline Gold Trading Down 9.9 %

CVE:SGD traded down C$0.52 during mid-day trading on Tuesday, hitting C$4.75. 368,489 shares of the company’s stock were exchanged, compared to its average volume of 102,337. Snowline Gold has a fifty-two week low of C$3.95 and a fifty-two week high of C$6.40. The firm has a market capitalization of C$746.84 million, a P/E ratio of -28.53 and a beta of 0.92. The company has a 50 day simple moving average of C$5.65 and a 200-day simple moving average of C$5.63.

Snowline Gold (CVE:SGD) last issued its quarterly earnings results on Monday, April 29th. The company reported C($0.02) earnings per share for the quarter.

About Snowline Gold

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.