Snowline Gold (CVE:SGD) Shares Down 0.5% – What’s Next?

Snowline Gold Corp. (CVE:SGD)’s stock price dropped 0.5% on Monday . The company traded as low as C$13.13 and last traded at C$13.33. Approximately 235,697 shares were traded during trading, an increase of 44% from the average daily volume of 163,230 shares. The stock had previously closed at C$13.40.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SGD. National Bankshares set a C$15.00 target price on shares of Snowline Gold and gave the stock an “outperform” rating in a report on Friday, September 5th. CIBC increased their price objective on shares of Snowline Gold from C$14.00 to C$17.50 in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Snowline Gold has an average rating of “Buy” and a consensus price target of C$13.90.

Snowline Gold Trading Down 0.5%

The stock has a market cap of C$2.30 billion, a P/E ratio of -63.48 and a beta of 0.11. The stock’s 50-day moving average is C$10.62 and its 200-day moving average is C$9.09.

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.