National Bank Financial Upgrades Snowline Gold (CVE:SGD) to Strong-Buy

Snowline Gold (CVE:SGD - Get Free Report) was upgraded by equities research analysts at National Bank Financial to a "strong-buy" rating in a report issued on Thursday, April 3rd,Zacks.com reports.

SGD has been the subject of a number of other reports. Desjardins set a C$11.00 price target on Snowline Gold and gave the stock a "buy" rating in a report on Tuesday, February 25th. Scotiabank dropped their target price on shares of Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Stock Performance

Shares of CVE SGD traded up C$0.40 during mid-day trading on Thursday, reaching C$7.85. 85,094 shares of the company traded hands, compared to its average volume of 142,342. The company's fifty day moving average is C$7.10 and its two-hundred day moving average is C$6.00. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$8.81. The stock has a market cap of C$1.27 billion, a PE ratio of -72.68 and a beta of 0.81.

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.