Snowline Gold (CVE:SGD) Stock Price Up 3.5% - Should You Buy?

Snowline Gold Corp. (CVE:SGD - Get Free Report) shot up 3.5% during mid-day trading on Wednesday . The company traded as high as C$5.94 and last traded at C$5.91. 121,190 shares traded hands during trading, an increase of 33% from the average session volume of 91,176 shares. The stock had previously closed at C$5.71.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SGD. Scotiabank decreased their target price on shares of Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th. CIBC decreased their price target on shares of Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Stock Performance

The company has a market cap of C$903.45 million, a price-to-earnings ratio of -31.67 and a beta of 0.81. The stock's fifty day simple moving average is C$5.29 and its two-hundred day simple moving average is C$5.27.

Insider Buying and Selling at Snowline Gold

In other Snowline Gold news, Director Calum Macleod Morrison bought 25,000 shares of Snowline Gold stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of C$5.05 per share, for a total transaction of C$126,200.00. 27.64% of the stock is owned by company insiders.

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.