Analysts Set Snowline Gold Corp. (CVE:SGD) Price Target at C$11.44

Snowline Gold Corp. (CVE:SGD) has received a consensus recommendation of “Buy” from the four research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$11.44.

A number of research firms have issued reports on SGD. BMO Capital Markets set a C$10.50 target price on Snowline Gold and gave the stock an “outperform” rating in a research report on Friday, May 10th. Canaccord Genuity Group increased their price target on Snowline Gold from C$16.50 to C$17.25 in a research note on Tuesday, July 23rd.

Snowline Gold Stock Performance

SGD opened at C$4.88 on Friday. The firm has a market cap of C$773.48 million, a P/E ratio of -27.11 and a beta of 0.81. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$6.40. The firm has a 50-day moving average of C$5.03 and a 200 day moving average of C$5.46.

Snowline Gold (CVE:SGD) last issued its quarterly earnings results on Tuesday, August 27th. The company reported C($0.05) 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.