Snowline Gold (CVE:SGD) Reaches New 12-Month High - What's Next?

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$8.95 and last traded at C$8.88, with a volume of 76376 shares trading hands. The stock had previously closed at C$8.68.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SGD. National Bank Financial raised shares of Snowline Gold to a "strong-buy" rating in a research note on Thursday, April 3rd. Desjardins set a C$11.00 price target on shares of Snowline Gold and gave the stock a "buy" rating in a research report on Tuesday, February 25th. BMO Capital Markets set a C$17.50 price objective on shares of Snowline Gold and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Finally, Scotiabank cut their price objective on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th.

Snowline Gold Stock Performance

The stock has a fifty day simple moving average of C$7.48 and a 200-day simple moving average of C$6.13. The stock has a market cap of C$1.36 billion, a P/E ratio of -77.77 and a beta of 0.81.

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.