Snowline Gold (CVE:SGD) Price Target Raised to C$22.00

Snowline Gold (CVE:SGD) had its target price hoisted by CIBC from C$17.50 to C$22.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

Separately, National Bankshares set a C$15.00 price objective on Snowline Gold and gave the company an “outperform” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, Snowline Gold has a consensus rating of “Buy” and an average target price of C$17.10.

Snowline Gold Trading Up 3.0%

Shares of SGD opened at C$15.93 on Wednesday. Snowline Gold has a twelve month low of C$4.95 and a twelve month high of C$16.12. The firm has a market capitalization of C$2.76 billion, a P/E ratio of -53.10 and a beta of 0.27. The stock’s fifty day simple moving average is C$13.63 and its 200 day simple moving average is C$10.89.

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. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp. in February 2021. Snowline Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.