Scotiabank Issues Positive Forecast for Snowline Gold (CVE:SGD) Stock Price

Snowline Gold (CVE:SGD) had its price target raised by analysts at Scotiabank from C$20.00 to C$25.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 56.94% from the stock’s current price.

Separately, CIBC raised their target price on Snowline Gold from C$17.50 to C$22.00 in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$18.10.

Snowline Gold Stock Up 3.0%

Shares of Snowline Gold stock traded up C$0.46 on Monday, hitting C$15.93. 334,054 shares of the company traded hands, compared to its average volume of 168,067. Snowline Gold has a 12-month low of C$4.95 and a 12-month high of C$16.12. The company has a 50-day moving average price of C$15.48 and a 200 day moving average price of C$12.32. The company has a market cap of C$2.76 billion, a PE ratio of -53.10 and a beta of 0.27.

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. 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.