Snowline Gold (CVE:SGD) Shares Up 5.4% - What's Next?

Snowline Gold Corp. (CVE:SGD - Get Free Report) was up 5.4% on Wednesday . The company traded as high as C$7.41 and last traded at C$7.39. Approximately 98,948 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 142,096 shares. The stock had previously closed at C$7.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SGD shares. Desjardins set a C$11.00 price target on Snowline Gold and gave the stock a "buy" rating in a report on Tuesday, February 25th. Scotiabank dropped their price target on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th. 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, National Bank Financial raised Snowline Gold to a "strong-buy" rating in a research note on Thursday, April 3rd.

Snowline Gold Price Performance

The business has a fifty day moving average of C$7.20 and a 200-day moving average of C$6.03. The stock has a market cap of C$1.39 billion, a PE ratio of -79.53 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.