Desjardins Upgrades Snowline Gold (CVE:SGD) to “Moderate Buy”

Snowline Gold (CVE:SGD) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Scotiabank decreased their target price on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. CIBC decreased their price target on shares of Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Price Performance

CVE SGD opened at C$6.30 on Monday. The company’s 50 day simple moving average is C$5.50 and its two-hundred day simple moving average is C$5.43. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$6.81. The stock has a market capitalization of C$1.02 billion, a PE ratio of -58.33 and a beta of 0.81.

Insider Activity at Snowline Gold

In related news, Director Calum Macleod Morrison bought 25,000 shares of the stock in a transaction dated Friday, December 6th. The stock was bought at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is currently owned by insiders.

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.