Snowline Gold (CVE:SGD) Shares Down 0.1% - Here's What Happened

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s stock price dropped 0.1% during trading on Friday . The company traded as low as C$7.61 and last traded at C$7.80. Approximately 157,026 shares were traded during trading, an increase of 14% from the average daily volume of 137,218 shares. The stock had previously closed at C$7.81.

Analysts Set New Price Targets

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

Snowline Gold Trading Up 7.7%

The company has a 50-day moving average price of C$7.82 and a 200 day moving average price of C$6.86. The stock has a market capitalization of C$1.38 billion, a P/E ratio of -78.97 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.