Sutter Gold Mining (CVE:SGM) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Sutter Gold Mining (CVE:SGM) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Sutter Gold Mining Stock Performance

Sutter Gold Mining stock opened at C$0.01 on Thursday. The company has a market capitalization of C$1.25 million and a PE ratio of -0.22. Sutter Gold Mining has a fifty-two week low of C$0.01 and a fifty-two week high of C$0.03. The firm has a 50 day moving average price of C$0.01 and a 200 day moving average price of C$0.01.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.