Snowline Gold (CVE:SGD – Get Free Report) received a C$10.50 price target from analysts at BMO Capital Markets in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 74.71% from the company’s current price.
A number of other analysts also recently weighed in on SGD. Canaccord Genuity Group upped their target price on Snowline Gold from C$15.50 to C$16.50 in a research report on Friday, April 26th. National Bankshares set a C$9.00 target price on shares of Snowline Gold and gave the company an “outperform” rating in a report on Monday, January 29th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Snowline Gold in a research report on Sunday, April 28th. Finally, CIBC lifted their price objective on shares of Snowline Gold from C$8.50 to C$9.00 in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$11.25.
Get Our Latest Stock Report on Snowline Gold
Snowline Gold Trading Up 6.0 %
CVE SGD opened at C$6.01 on Friday. The company has a market cap of C$938.88 million, a price-to-earnings ratio of -35.35 and a beta of 0.92. The company has a 50 day moving average of C$5.68 and a 200-day moving average of C$5.27. Snowline Gold has a 1-year low of C$2.50 and a 1-year high of C$6.40.
Insider Activity
In related news, Senior Officer Matthew Frederick Roma sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of C$5.46, for a total transaction of C$109,200.00. 28.38% of the stock is currently owned by corporate insiders.
Snowline Gold Company Profile
Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.
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Read More: Snowline Gold (CVE:SGD) Given a C$10.50 Price Target by BMO Capital Markets