Snowline Gold (CVE:SGD) Trading Up 3% – Still a Buy?

Snowline Gold Corp. (CVE:SGD)’s share price was up 3% on Monday . The company traded as high as C$16.12 and last traded at C$15.93. Approximately 334,054 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 168,067 shares. The stock had previously closed at C$15.47.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their price target on Snowline Gold from C$20.00 to C$25.00 in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Snowline Gold currently has an average rating of “Buy” and an average price target of C$20.67.

Snowline Gold Price Performance

The company’s 50-day simple moving average is C$15.93 and its 200-day simple moving average is C$15.48. The stock has a market capitalization of C$2.76 billion, a P/E ratio of -53.10 and a beta of 0.27.

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.