Snowline Gold (CVE:SGD) Given New C$16.50 Price Target at Canaccord Genuity Group

Snowline Gold (CVE:SGD) had its target price hoisted by Canaccord Genuity Group from C$15.50 to C$16.50 in a research report report published on Friday morning, BayStreet.CA reports.

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

Snowline Gold Stock Performance

SGD opened at C$5.63 on Friday. The business has a 50 day moving average price of C$5.61 and a 200 day moving average price of C$5.19. Snowline Gold has a twelve month low of C$2.50 and a twelve month high of C$6.40. The firm has a market cap of C$815.00 million, a P/E ratio of -31.28 and a beta of 0.88.

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 transaction of C$109,200.00. Corporate 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.