Snowline Gold (CVE:SGD) Given a C$11.00 Price Target at Desjardins

Snowline Gold (CVE:SGD) received a C$11.00 target price from research analysts at Desjardins in a report released 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.

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

Snowline Gold Price Performance

Shares of SGD traded down C$0.17 during trading hours on Tuesday, hitting C$6.18. 71,009 shares of the stock were exchanged, compared to its average volume of 105,521. The firm has a market capitalization of C$1.00 billion, a P/E ratio of -57.22 and a beta of 0.81. The business has a 50-day moving average of C$5.47 and a 200-day moving average of C$5.41. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$6.81.

Insider Buying and Selling

In related news, Director Calum Macleod Morrison bought 25,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of C$5.05 per share, for a total transaction of C$126,200.00. 27.64% of the stock is owned by company insiders.

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.