Snowline Gold (CVE:SGD) PT Set at C$11.00 by Desjardins

Snowline Gold (CVE:SGD) has been assigned a C$11.00 price objective by stock analysts at Desjardins in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 77.99% from the company’s current price.

SGD has been the subject of a number of other reports. CIBC lowered 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 dropped their price target on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th.

Snowline Gold Stock Down 2.7 %

Snowline Gold stock traded down C$0.17 during midday trading on Tuesday, reaching C$6.18. The stock had a trading volume of 71,009 shares, compared to its average volume of 105,521. Snowline Gold has a 52-week low of C$3.88 and a 52-week high of C$6.81. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -57.22 and a beta of 0.81. The company has a fifty day moving average of C$5.47 and a 200 day moving average of C$5.41.

Insider Activity at Snowline Gold

In related news, Director Calum Macleod Morrison acquired 25,000 shares of the stock in a transaction on Friday, December 6th. The shares were bought at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is currently owned by corporate insiders.

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.