CIBC Forecasts Strong Price Appreciation for Snowline Gold (CVE:SGD) Stock

Key Points

• CIBC has increased its price target for Snowline Gold stock from C$14.00 to C$17.50, indicating a potential upside of 49.32% from the company's previous close.
• Separately, National Bankshares has set a C$15.00 price target on Snowline Gold with an "outperform" rating, contributing to the stock's positive ratings from analysts overall.
• Snowline Gold's stock is trading at C$11.72, with a market capitalization of C$2.02 billion and a 50-day moving average of C$10.16.

Snowline Gold (CVE:SGD - Get Free Report) had its target price boosted by investment analysts at CIBC from C$14.00 to C$17.50 in a research report issued on Friday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 49.32% from the company's previous close.

Separately, National Bankshares set a C$15.00 price target on shares of Snowline Gold and gave the company an "outperform" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$13.90.

Snowline Gold Price Performance

SGD stock traded down C$0.01 during trading on Friday, reaching C$11.72. 62,793 shares of the company were exchanged, compared to its average volume of 157,483. The company has a 50-day moving average of C$10.16 and a two-hundred day moving average of C$8.86. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -55.81 and a beta of 0.11. Snowline Gold has a twelve month low of C$4.88 and a twelve month high of C$12.64.

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.

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