Snowline Gold Corp. (CVE:SGD) Given Average Recommendation of “Buy” by Brokerages

Snowline Gold Corp. (CVE:SGD) has received a consensus recommendation of “Buy” from the four brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$11.25.

Several equities analysts have recently issued reports on the company. BMO Capital Markets set a C$10.50 price objective on Snowline Gold and gave the company an “outperform” rating in a report on Friday, May 10th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Snowline Gold in a report on Sunday, April 28th. Finally, Canaccord Genuity Group boosted their price objective on Snowline Gold from C$15.50 to C$16.50 in a report on Friday, April 26th.

Snowline Gold Stock Up 2.4 %

Shares of SGD stock opened at C$5.60 on Monday. The stock has a market cap of C$880.49 million, a PE ratio of -32.94 and a beta of 0.92. The business has a 50-day simple moving average of C$5.74 and a 200-day simple moving average of C$5.56. Snowline Gold has a 52-week low of C$3.29 and a 52-week high of C$6.40.

Snowline Gold (CVE:SGD) last issued its quarterly earnings data on Wednesday, May 29th. The company reported C($0.03) earnings per share (EPS) for the quarter.

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.