Snowline Gold (CVE:SGD) Sets New 1-Year High – What’s Next?

Snowline Gold Corp. (CVE:SGD)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$6.39 and last traded at C$6.34, with a volume of 71883 shares. The stock had previously closed at C$6.05.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. CIBC dropped their price target on shares of Snowline Gold from C$9.00 to C$7.00 in a research report on Monday, December 2nd. Scotiabank cut their price objective on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th.

Snowline Gold Trading Up 2.0 %

The company has a market cap of C$1.05 billion, a price-to-earnings ratio of -60.18 and a beta of 0.81. The business has a fifty day moving average price of C$5.44 and a two-hundred day moving average price of C$5.38.

Insider Activity

In other Snowline Gold news, Director Calum Macleod Morrison bought 25,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of C$5.05 per share, for a total transaction of C$126,200.00. 27.64% of the stock is owned by corporate insiders.

Snowline Gold Company Profile

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.