Scotiabank Issues Positive Forecast for Snowline Gold (CVE:SGD) Stock Price

Snowline Gold (CVE:SGD) had its price objective boosted by Scotiabank from C$20.00 to C$25.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Separately, CIBC increased their target price on Snowline Gold from C$17.50 to C$22.00 in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Snowline Gold presently has an average rating of “Buy” and a consensus target price of C$18.10.

Snowline Gold Stock Performance

CVE SGD opened at C$15.93 on Monday. The firm’s 50 day moving average price is C$15.56 and its 200-day moving average price is C$12.38. Snowline Gold has a 52-week low of C$4.95 and a 52-week high of C$16.12. The company has a market cap of C$2.76 billion, a PE ratio of -53.10 and a beta of 0.27.

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. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp. in February 2021. Snowline Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.