Snowline Gold (CVE:SGD) Trading 3.3% Higher – Still a Buy?

Snowline Gold Corp. (CVE:SGD)’s share price was up 3.3% during mid-day trading on Wednesday . The stock traded as high as C$7.37 and last traded at C$7.24. Approximately 64,398 shares traded hands during trading, a decline of 54% from the average daily volume of 141,532 shares. The stock had previously closed at C$7.01.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SGD shares. National Bank Financial raised Snowline Gold to a “strong-buy” rating in a research note on Thursday, April 3rd. BMO Capital Markets set a C$17.50 price target on shares of Snowline Gold and gave the company an “outperform” rating in a report on Wednesday. Desjardins set a C$11.00 price objective on shares of Snowline Gold and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Scotiabank decreased their target price on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th.

Snowline Gold Stock Up 6.6 %

The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of -69.16 and a beta of 0.81. The business’s fifty day moving average is C$7.03 and its 200 day moving average is C$5.97.

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.