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Snowline Gold (CVE:SGD) Trading Up 5.4% - Should You Buy?

Snowline Gold logo with Basic Materials background

Key Points

  • Snowline Gold Corp. shares increased by 5.4% on Tuesday, closing at C$9.53 after reaching a high of C$9.69.
  • BMO Capital Markets has set a target price of C$17.50 for Snowline Gold, giving the stock an "outperform" rating in a recent analysis.
  • The company has a market capitalization of C$1.53 billion and a price-to-earnings ratio of -87.58, indicating a negative earnings scenario.
  • Want stock alerts on Snowline Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s share price shot up 5.4% on Tuesday . The company traded as high as C$9.69 and last traded at C$9.53. 197,626 shares were traded during mid-day trading, an increase of 34% from the average session volume of 147,218 shares. The stock had previously closed at C$9.04.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$17.50 price objective on Snowline Gold and gave the company an "outperform" rating in a research note on Wednesday, April 9th.

Get Our Latest Research Report on Snowline Gold

Snowline Gold Stock Up 3.7%

The stock has a market capitalization of C$1.59 billion, a PE ratio of -90.82 and a beta of 0.81. The stock has a fifty day moving average of C$8.56 and a 200-day moving average of C$7.68.

About Snowline Gold

(Get Free Report)

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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