Desjardins Reiterates “C$11.00” Price Target for Snowline Gold (CVE:SGD)

Desjardins set a C$11.00 target price on Snowline Gold (CVE:SGD) in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Snowline Gold’s FY2024 earnings at ($0.20) EPS, FY2025 earnings at ($0.26) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.25) EPS.

Other analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Scotiabank reduced their price target on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Stock Down 3.4 %

SGD stock opened at C$6.46 on Tuesday. Snowline Gold has a twelve month low of C$3.88 and a twelve month high of C$6.81. The company has a market cap of C$1.05 billion, a PE ratio of -59.81 and a beta of 0.81. The business’s 50-day simple moving average is C$5.56 and its 200 day simple moving average is C$5.44.

Insider Transactions at Snowline Gold

In other Snowline Gold news, Director Calum Macleod Morrison purchased 25,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is owned by insiders.

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.