Snowline Gold (CVE:SGD) Shares Down 1.8% - Here's What Happened

Key Points

• Snowline Gold Corp. (CVE:SGD) saw its shares decrease by 1.8% to C$9.97, following a trading session where approximately 169,621 shares changed hands.
• The company received an "outperform" rating from National Bankshares with a target price of C$15.00, while the current consensus target price stands at C$11.80.
• Snowline Gold has a market capitalization of C$1.72 billion and is primarily focused on gold exploration and development in Canada, including its flagship Rogue gold project.

Snowline Gold Corp. (CVE:SGD - Get Free Report)'s stock price fell 1.8% on Thursday . The stock traded as low as C$9.95 and last traded at C$9.97. Approximately 169,621 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 155,165 shares. The stock had previously closed at C$10.15.

Analyst Ratings Changes

Separately, National Bankshares set a C$15.00 price objective on shares of Snowline Gold and gave the stock an "outperform" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Snowline Gold presently has an average rating of "Buy" and a consensus price target of C$11.80.

Snowline Gold Stock Performance

The business's 50-day moving average is C$9.70 and its 200-day moving average is C$8.58. The company has a market capitalization of C$1.81 billion, a PE ratio of -50.05 and a beta of -0.05.

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.