CIBC Cuts Snowline Gold (CVE:SGD) Price Target to C$7.00

Snowline Gold (CVE:SGD) had its target price dropped by equities researchers at CIBC from C$9.00 to C$7.00 in a report released on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 31.83% from the stock’s current price.

Snowline Gold Stock Down 0.7 %

Shares of CVE SGD traded down C$0.04 during mid-day trading on Monday, reaching C$5.31. 36,922 shares of the company were exchanged, compared to its average volume of 135,884. The stock has a market cap of C$841.64 million, a price-to-earnings ratio of -29.50 and a beta of 0.81. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$6.40. The firm has a 50-day moving average of C$5.56 and a 200 day moving average of C$5.39.

About Snowline Gold

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.