Snowline Gold (CVE:SGD) Raised to “Strong-Buy” at National Bank Financial

Snowline Gold (CVE:SGD) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on SGD. Scotiabank decreased their target price on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. Desjardins set a C$11.00 target price on shares of Snowline Gold and gave the stock a “buy” rating in a report on Tuesday, February 25th.

Snowline Gold Trading Down 7.4 %

Snowline Gold stock opened at C$7.15 on Thursday. The business has a 50-day moving average of C$6.92 and a 200-day moving average of C$5.94. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$8.81. The firm has a market capitalization of C$1.16 billion, a P/E ratio of -66.20 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.