Snowline Gold (CVE:SGD) Sets New 1-Year High – Here’s What Happened

Snowline Gold Corp. (CVE:SGD)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$7.99 and last traded at C$7.90, with a volume of 89119 shares trading hands. The stock had previously closed at C$7.47.

Analysts Set New Price Targets

Several brokerages recently weighed in on SGD. CIBC cut their price target on Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Scotiabank cut their price target on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. Finally, Desjardins set a C$11.00 price target on Snowline Gold and gave the company a “buy” rating in a research note on Tuesday, February 25th.

Snowline Gold Stock Performance

The company has a 50 day simple moving average of C$5.94 and a 200 day simple moving average of C$5.57. The company has a market capitalization of C$1.29 billion, a PE ratio of -73.79 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.