Snowline Gold (CVE:SGD) Hits New 12-Month High – What’s Next?

Shares of Snowline Gold Corp. (CVE:SGD) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$7.99 and last traded at C$7.90, with a volume of 89119 shares trading hands. The stock had previously closed at C$7.47.

Analyst Upgrades and Downgrades

SGD has been the topic of a number of research reports. Scotiabank reduced their target price on shares of Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th. Desjardins set a C$11.00 price objective on Snowline Gold and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, CIBC reduced their target price on shares of Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Stock Performance

The company’s 50-day simple moving average is C$5.83 and its 200-day simple moving average is C$5.54. The company has a market capitalization of C$1.26 billion, a PE ratio of -72.12 and a beta of 0.81.

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.