Snowline Gold (CVE:SGD) Sets New 12-Month High – What’s Next?

Snowline Gold Corp. (CVE:SGD)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.12 and last traded at C$15.93, with a volume of 334054 shares trading hands. The stock had previously closed at C$15.47.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SGD shares. CIBC lifted their price target on Snowline Gold from C$14.00 to C$17.50 in a research note on Friday, October 10th. National Bankshares set a C$15.00 price objective on Snowline Gold and gave the company an “outperform” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$13.90.

Snowline Gold Price Performance

The business’s 50 day moving average price is C$12.35 and its 200 day moving average price is C$10.11. The firm has a market cap of C$2.76 billion, a PE ratio of -53.10 and a beta of 0.27.

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.