Snowline Gold (CVE:SGD) Stock Price Down 0.1% – Here’s What Happened

Snowline Gold Corp. (CVE:SGD) shares fell 0.1% during mid-day trading on Friday . The stock traded as low as C$7.61 and last traded at C$7.80. 157,026 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 137,218 shares. The stock had previously closed at C$7.81.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SGD. National Bank Financial raised shares of Snowline Gold to a “strong-buy” rating in a research note on Thursday, April 3rd. Desjardins set a C$11.00 target price on shares of Snowline Gold and gave the stock a “buy” rating in a research report on Tuesday, February 25th. 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 Down 0.1%

The firm’s 50-day moving average price is C$7.84 and its two-hundred day moving average price is C$6.82. The firm has a market capitalization of C$1.26 billion, a PE ratio of -72.21 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.