Snowline Gold (CVE:SGD) Sets New 1-Year High - Here's What Happened

Key Points

• Snowline Gold Corp. reached a new 52-week high with its stock price rising to C$12.31, closing at C$12.12, marking a 5.1% increase.
• Analysts have a positive outlook on the company, with one rating it as a Strong Buy and setting a target price of C$15.00.
• The company, with a market cap of C$2.13 billion, focuses on exploring gold and other minerals in Canada, with its flagship project being the Rogue gold project.

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$12.31 and last traded at C$12.12, with a volume of 32535 shares. The stock had previously closed at C$11.75.

Analyst Ratings Changes

Separately, National Bankshares set a C$15.00 target price 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$11.80.

Snowline Gold Stock Up 5.1%

The firm has a market cap of C$2.13 billion, a price-to-earnings ratio of -58.81 and a beta of 0.11. The company's 50-day moving average price is C$9.95 and its 200-day moving average price is C$8.77.

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.

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