Snowline Gold (CVE:SGD) Stock Rating Upgraded by Desjardins

Snowline Gold (CVE:SGD) was upgraded by Desjardins to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Scotiabank cut their price objective on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th. CIBC cut their price objective on Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Price Performance

CVE:SGD opened at C$6.30 on Monday. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$6.81. The stock has a market capitalization of C$1.02 billion, a PE ratio of -58.33 and a beta of 0.81. The business’s 50-day simple moving average is C$5.50 and its 200-day simple moving average is C$5.43.

Insider Activity at Snowline Gold

In other news, Director Calum Macleod Morrison bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is owned by 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.