Sutter Gold Mining (CVE:SGM) Downgraded by ATB Cormark Capital Markets to Hold

ATB Cormark Capital Markets cut shares of Sutter Gold Mining (CVE:SGM) from a moderate buy rating to a hold rating in a research report report published on Friday,Zacks reports.

Separately, BMO Capital Markets lowered Sutter Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Sutter Gold Mining Price Performance

SGM opened at C$0.01 on Friday. The stock has a market capitalization of C$1.25 million and a P/E ratio of -0.22. The company’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. Sutter Gold Mining has a one year low of C$0.01 and a one year high of C$0.03.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.