Snowline Gold (CVE:SGD) Raised to Moderate Buy at Desjardins

Snowline Gold (CVE:SGD - Get Free Report) was upgraded by stock analysts at Desjardins to a "moderate buy" rating in a research report issued on Monday,Zacks.com reports. Desjardins also issued estimates for Snowline Gold's FY2024 earnings at ($0.20) EPS, FY2025 earnings at ($0.26) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.25) EPS.

Several other equities analysts have also recently issued reports on SGD. Scotiabank reduced their price objective on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th. CIBC reduced their price objective on Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Trading Up 0.3 %

Shares of SGD traded up C$0.02 during mid-day trading on Monday, hitting C$6.48. The company's stock had a trading volume of 63,733 shares, compared to its average volume of 107,623. The firm has a 50-day simple moving average of C$5.59 and a 200 day simple moving average of C$5.45. The firm has a market capitalization of C$1.05 billion, a P/E ratio of -59.99 and a beta of 0.81. Snowline Gold has a 1-year low of C$3.88 and a 1-year high of C$6.81.

Insiders Place Their Bets

In related news, Director Calum Macleod Morrison purchased 25,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was bought at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is currently owned by company insiders.

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.