CIBC Issues Positive Forecast for Snowline Gold (CVE:SGD) Stock Price

Snowline Gold (CVE:SGD) had its price objective lifted by stock analysts at CIBC from C$17.50 to C$22.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 38.10% from the company’s current price.

Separately, National Bankshares set a C$15.00 target price on shares of Snowline Gold and gave the company an “outperform” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$17.10.

Snowline Gold Stock Up 3.0%

SGD stock traded up C$0.46 during mid-day trading on Wednesday, reaching C$15.93. The company had a trading volume of 334,054 shares, compared to its average volume of 168,067. Snowline Gold has a one year low of C$4.95 and a one year high of C$16.12. The stock has a market capitalization of C$2.76 billion, a P/E ratio of -53.10 and a beta of 0.27. The stock’s 50-day simple moving average is C$13.39 and its two-hundred day simple moving average is C$10.77.

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.