Snowline Gold (CVE:SGD) Stock Price Up 7.4% - Should You Buy?

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s stock price rose 7.4% on Monday . The stock traded as high as C$9.93 and last traded at C$9.62. Approximately 404,686 shares traded hands during trading, an increase of 179% from the average daily volume of 145,011 shares. The stock had previously closed at C$8.96.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. National Bank Financial raised shares of Snowline Gold to a "strong-buy" rating in a research report on Thursday, April 3rd. 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 note on Wednesday, April 9th.

Snowline Gold Stock Performance

The stock has a market cap of C$1.54 billion, a PE ratio of -87.95 and a beta of 0.81. The firm's 50-day moving average is C$8.00 and its 200 day moving average is C$7.25.

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.