Snowline Gold (CVE:SGD) Price Target Raised to C$20.00 at Scotiabank

Snowline Gold (CVE:SGD) had its target price hoisted by Scotiabank from C$16.50 to C$20.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on the stock. National Bankshares set a C$15.00 target price on shares of Snowline Gold and gave the company an “outperform” rating in a report on Friday, September 5th. CIBC raised their price objective on shares of Snowline Gold from C$17.50 to C$22.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$17.10.

Snowline Gold Price Performance

Shares of CVE SGD opened at C$15.93 on Wednesday. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of -53.10 and a beta of 0.27. The stock’s 50-day moving average is C$13.46 and its two-hundred day moving average is C$10.80. Snowline Gold has a 1-year low of C$4.95 and a 1-year high of C$16.12.

Snowline Gold Company Profile

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.