Snowline Gold (CVE:SGD) Stock Price Expected to Rise, Scotiabank Analyst Says

Snowline Gold (CVE:SGD) had its price objective boosted by investment analysts at Scotiabank from C$16.50 to C$20.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 25.55% from the stock’s current price.

SGD has been the subject of several other research reports. National Bankshares set a C$15.00 price target on shares of Snowline Gold and gave the stock an “outperform” rating in a research report on Friday, September 5th. CIBC upped their target price on Snowline Gold from C$17.50 to C$22.00 in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$17.10.

Snowline Gold Stock Up 3.0%

Shares of CVE SGD opened at C$15.93 on Wednesday. Snowline Gold has a twelve month low of C$4.95 and a twelve month high of C$16.12. The firm has a market cap of C$2.76 billion, a PE ratio of -53.10 and a beta of 0.27. The business has a fifty day simple moving average of C$13.55 and a two-hundred day simple moving average of C$10.84.

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.