Snowline Gold (CVE:SGD) PT Set at C$11.00 by Desjardins

Snowline Gold (CVE:SGD) has been assigned a C$11.00 price objective by equities researchers at Desjardins in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 64.42% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. CIBC lowered their price objective on shares of Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Scotiabank dropped their price target on Snowline Gold from C$9.50 to C$8.50 in a report on Wednesday, January 15th.

Snowline Gold Stock Up 6.2 %

Shares of SGD opened at C$6.69 on Tuesday. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of -61.94 and a beta of 0.81. Snowline Gold has a 12 month low of C$3.88 and a 12 month high of C$6.81. The company’s fifty day moving average is C$5.53 and its 200-day moving average is C$5.44.

Insiders Place Their Bets

In other news, Director Calum Macleod Morrison purchased 25,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of C$5.05 per share, for a total transaction of C$126,200.00. Company insiders own 27.64% of the company’s stock.

Snowline Gold Company Profile

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.