Snowline Gold (CVE:SGD) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Snowline Gold (CVE:SGD) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on SGD. Desjardins set a C$11.00 price target on shares of Snowline Gold and gave the company a “buy” rating in a research note on Tuesday, February 25th. Scotiabank decreased their target price on shares of Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Price Performance

CVE:SGD opened at C$7.15 on Thursday. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of -66.20 and a beta of 0.81. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$8.81. The stock’s 50 day simple moving average is C$6.92 and its two-hundred day simple moving average is C$5.94.

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.