Snowline Gold (CVE:SGD) Raised to Moderate Buy at Desjardins

Desjardins upgraded shares of Snowline Gold (CVE:SGD) to a moderate buy rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. CIBC dropped their price target on Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd. Scotiabank dropped their price target on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th.

Snowline Gold Price Performance

SGD stock opened at C$6.30 on Monday. The business has a fifty day moving average price of C$5.50 and a 200 day moving average price of C$5.43. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$6.81. The stock has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -58.33 and a beta of 0.81.

Insider Activity

In related news, Director Calum Macleod Morrison purchased 25,000 shares of Snowline Gold stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of C$5.05 per share, for a total transaction of C$126,200.00. Insiders own 27.64% of the company’s stock.

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.