Snowline Gold (CVE:SGD) Price Target Raised to C$16.50

Snowline Gold (CVE:SGD) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$15.50 to C$16.50 in a report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 197.83% from the company’s current price.

Several other research analysts have also commented on the company. CIBC lifted their price target on Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th. National Bankshares set a C$9.00 target price on shares of Snowline Gold and gave the company an “outperform” rating in a report on Monday, January 29th.

Snowline Gold Stock Performance

Shares of SGD stock traded down C$0.16 during mid-day trading on Friday, hitting C$5.54. 41,189 shares of the stock were exchanged, compared to its average volume of 86,771. Snowline Gold has a 12-month low of C$2.50 and a 12-month high of C$6.40. The stock has a market capitalization of C$801.97 million, a price-to-earnings ratio of -30.89 and a beta of 0.88. The stock’s fifty day simple moving average is C$5.60 and its two-hundred day simple moving average is C$5.19.

Insider Transactions at Snowline Gold

In other news, Senior Officer Matthew Frederick Roma sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of C$5.46, for a total value of C$109,200.00. Insiders own 26.73% of the company’s stock.

About Snowline Gold

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.