Snowline Gold (CVE:SGD) PT Raised to C$16.50 at Canaccord Genuity Group

Snowline Gold (CVE:SGD) had its price target raised by Canaccord Genuity Group from C$15.50 to C$16.50 in a research report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 193.07% from the company’s previous close.

Several other equities analysts have also commented on the stock. CIBC increased their price objective on shares of Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th. National Bankshares set a C$9.00 price target on shares of Snowline Gold and gave the stock an “outperform” rating in a research note on Monday, January 29th.

Snowline Gold Trading Down 1.2 %

CVE:SGD opened at C$5.63 on Friday. The business’s 50-day moving average is C$5.61 and its 200 day moving average is C$5.20. Snowline Gold has a 12 month low of C$2.50 and a 12 month high of C$6.40. The company has a market capitalization of C$815.00 million, a P/E ratio of -31.28 and a beta of 0.88.

Insider Activity

In other news, Senior Officer Matthew Frederick Roma sold 20,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of C$5.46, for a total transaction of C$109,200.00. Company insiders own 26.73% of the company’s stock.

Snowline Gold Company Profile

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.