CIBC Forecasts Strong Price Appreciation for Snowline Gold (CVE:SGD) Stock

Snowline Gold (CVE:SGD) had its price target lifted by equities researchers at CIBC from C$14.00 to C$17.50 in a report released on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 51.12% from the company’s previous close.

Separately, National Bankshares set a C$15.00 price objective on Snowline Gold and gave the stock an “outperform” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, Snowline Gold has an average rating of “Buy” and a consensus price target of C$13.90.

Snowline Gold Price Performance

Shares of CVE SGD opened at C$11.58 on Friday. The stock’s 50-day moving average is C$10.21 and its two-hundred day moving average is C$8.88. Snowline Gold has a 1-year low of C$4.88 and a 1-year high of C$12.64. The company has a market cap of C$1.99 billion, a price-to-earnings ratio of -55.14 and a beta of 0.11.

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.