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

Snowline Gold (CVE:SGD) had its target price lifted by research analysts at Scotiabank from C$20.00 to C$25.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 56.94% from the company’s previous close.

Separately, CIBC increased their target price on shares of Snowline Gold from C$17.50 to C$22.00 in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$18.10.

Snowline Gold Trading Up 3.0%

Shares of SGD opened at C$15.93 on Monday. The stock’s 50 day moving average is C$15.64 and its two-hundred day moving average is C$12.43. The firm has a market cap of C$2.76 billion, a P/E ratio of -53.10 and a beta of 0.27. Snowline Gold has a 12 month low of C$4.95 and a 12 month high of C$16.12.

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. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp. in February 2021. Snowline Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.