Snowline Gold (CVE:SGD) Hits New 52-Week High - Still a Buy?

Snowline Gold Corp. (CVE:SGD - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$8.41 and last traded at C$8.38, with a volume of 283728 shares traded. The stock had previously closed at C$8.17.

Analysts Set New Price Targets

A number of analysts have recently commented on SGD shares. Scotiabank lowered their target price on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. CIBC cut their target price on Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Finally, Desjardins set a C$11.00 price target on Snowline Gold and gave the stock a "buy" rating in a research report on Tuesday, February 25th.

Snowline Gold Price Performance

The firm has a market cap of C$1.32 billion, a P/E ratio of -75.45 and a beta of 0.81. The firm's 50-day moving average price is C$6.30 and its 200 day moving average price is C$5.70.

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.