Snowline Gold (CVE:SGD) Hits New 52-Week High – Here’s What Happened

Snowline Gold Corp. (CVE:SGD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.41 and last traded at C$8.38, with a volume of 283728 shares changing hands. The stock had previously closed at C$8.17.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SGD shares. CIBC dropped their target price on shares of Snowline Gold from C$9.00 to C$7.00 in a research report on Monday, December 2nd. Scotiabank cut their price objective on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th. Finally, Desjardins set a C$11.00 price target on Snowline Gold and gave the company a “buy” rating in a research note on Tuesday, February 25th.

Snowline Gold Trading Up 1.7 %

The business’s 50 day simple moving average is C$6.05 and its 200 day simple moving average is C$5.61. The firm has a market capitalization of C$1.35 billion, a PE ratio of -76.93 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.