Snowline Gold (CVE:SGD) Given New C$16.50 Price Target at Canaccord Genuity Group

Snowline Gold (CVE:SGD) had its target price raised by equities researchers at Canaccord Genuity Group from C$15.50 to C$16.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 193.07% from the company’s current price.

Other analysts have also issued reports about the company. National Bankshares set a C$9.00 price objective on Snowline Gold and gave the stock an “outperform” rating in a research report on Monday, January 29th. CIBC boosted their target price on Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th.

Snowline Gold Stock Down 1.2 %

Shares of CVE SGD opened at C$5.63 on Friday. Snowline Gold has a 12-month low of C$2.50 and a 12-month high of C$6.40. The firm’s 50-day simple moving average is C$5.61 and its 200 day simple moving average is C$5.20. The company has a market cap of C$815.00 million, a price-to-earnings ratio of -31.28 and a beta of 0.88.

Insider Buying and Selling at Snowline Gold

In other news, Senior Officer Matthew Frederick Roma sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of C$5.46, for a total value of C$109,200.00. Company insiders own 26.73% of the company’s stock.

About Snowline Gold

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.