Snowline Gold (CVE:SGD) Stock Rating Reaffirmed by National Bank Financial

National Bank Financial restated their outperform spec overweight rating on shares of Snowline Gold (CVE:SGD - Free Report) in a research report released on Sunday, Zacks.com reports. National Bank Financial also issued estimates for Snowline Gold's FY2024 earnings at ($0.29) EPS.

Several other brokerages have also commented on SGD. National Bankshares set a C$9.00 price objective on Snowline Gold and gave the company an outperform rating in a research report on Monday, January 29th. Canaccord Genuity Group increased their price objective on Snowline Gold from C$15.50 to C$16.50 in a research report on Friday, April 26th. Finally, CIBC increased their price objective on Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th.

Snowline Gold Price Performance

Shares of CVE:SGD traded down C$0.08 on Friday, hitting C$5.65. The company's stock had a trading volume of 73,278 shares, compared to its average volume of 86,600. The company has a 50-day simple moving average of C$5.63 and a 200 day simple moving average of C$5.22. Snowline Gold has a 1 year low of C$2.50 and a 1 year high of C$6.40. The company has a market capitalization of C$817.89 million, a PE ratio of -31.39 and a beta of 0.88.

Insider Activity

In other Snowline Gold news, Senior Officer Matthew Frederick Roma sold 20,000 shares of Snowline Gold 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. 26.73% of the stock is currently owned by company insiders.

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.