Snowline Gold (CVE:SGD) Stock Price Up 3.3% - What's Next?

Snowline Gold Corp. (CVE:SGD - Get Free Report) shares shot up 3.3% on Wednesday . The stock traded as high as C$7.37 and last traded at C$7.24. 64,398 shares were traded during trading, a decline of 54% from the average session volume of 141,532 shares. The stock had previously closed at C$7.01.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SGD shares. Scotiabank decreased their target price on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. Desjardins set a C$11.00 price target on shares of Snowline Gold and gave the stock a "buy" rating in a research report on Tuesday, February 25th. National Bank Financial upgraded shares of Snowline Gold to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, BMO Capital Markets set a C$17.50 target price on shares of Snowline Gold and gave the stock an "outperform" rating in a research report on Wednesday, April 9th.

Snowline Gold Stock Up 3.6 %

The firm has a market capitalization of C$1.39 billion, a P/E ratio of -79.53 and a beta of 0.81. The business's 50 day moving average is C$7.20 and its two-hundred day moving average is C$6.03.

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.