Snowline Gold (CVE:SGD) Trading Down 0.5% - Here's What Happened

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s share price traded down 0.5% during trading on Wednesday . The stock traded as low as C$7.99 and last traded at C$8.05. 78,131 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 145,161 shares. The stock had previously closed at C$8.09.

Wall Street Analysts Forecast Growth

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

Snowline Gold Price Performance

The business has a 50 day simple moving average of C$8.01 and a 200 day simple moving average of C$6.38. The stock has a market cap of C$1.31 billion, a PE ratio of -74.90 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.