Sutter Gold Mining (CVE:SGM) Cut to Hold at Canaccord Genuity Group

Sutter Gold Mining (CVE:SGM) was downgraded by investment analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Sutter Gold Mining Stock Performance

Shares of CVE SGM opened at C$0.01 on Thursday. The stock has a market capitalization of C$1.25 million and a P/E ratio of -0.22. The stock’s fifty day moving average is C$0.01 and its 200 day moving average is C$0.01. Sutter Gold Mining has a 52 week low of C$0.01 and a 52 week 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.