Snowline Gold (CVE:SGD) Hits New 12-Month High – Should You Buy?

by · The Cerbat Gem

Snowline Gold Corp. (CVE:SGD – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$14.89 and last traded at C$14.83, with a volume of 130224 shares changing hands. The stock had previously closed at C$14.50.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. National Bankshares set a C$15.00 price target on Snowline Gold and gave the stock an “outperform” rating in a report on Friday, September 5th. CIBC increased their price target on Snowline Gold from C$14.00 to C$17.50 in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$13.90.

View Our Latest Research Report on SGD

Snowline Gold Trading Up 3.4%

The firm has a market capitalization of C$2.60 billion, a price-to-earnings ratio of -50.00 and a beta of 0.27. The stock’s fifty day moving average price is C$11.94 and its two-hundred day moving average price is C$9.89.

Snowline Gold Company Profile

(Get Free Report)

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.

Read More