Snowline Gold (CVE:SGD) Price Target Raised to C$9.00

Snowline Gold (CVE:SGDFree Report) had its price objective boosted by CIBC from C$8.50 to C$9.00 in a research note published on Wednesday, BayStreet.CA reports.

Separately, National Bankshares set a C$9.00 price target on shares of Snowline Gold and gave the company an outperform rating in a research note on Monday, January 29th.

Read Our Latest Report on SGD

Snowline Gold Trading Up 1.5 %

SGD opened at C$5.35 on Wednesday. The firm’s fifty day simple moving average is C$5.30 and its 200 day simple moving average is C$4.99. Snowline Gold has a 12 month low of C$2.08 and a 12 month high of C$6.40. The stock has a market capitalization of C$774.47 million, a P/E ratio of -35.67 and a beta of 0.90.

Snowline Gold (CVE:SGDGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$19.65 million for the quarter.

Insider Transactions at Snowline Gold

In other news, Director Axel Gunther Ruediger Roehlig sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$5.50, for a total transaction of C$110,000.00. 26.76% of the stock is currently owned by insiders.

About Snowline Gold

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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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