Snowline Gold (CVE:SGD) Price Target Raised to C$16.50

Snowline Gold (CVE:SGD) had its target price upped by Canaccord Genuity Group from C$15.50 to C$16.50 in a research note released on Friday morning, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the company. National Bankshares set a C$9.00 price objective on Snowline Gold and gave the company an outperform rating in a research report on Monday, January 29th. CIBC raised their price objective on Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th.

Snowline Gold Stock Down 1.2 %

SGD opened at C$5.63 on Friday. Snowline Gold has a 12-month low of C$2.50 and a 12-month high of C$6.40. The stock has a market cap of C$815.00 million, a price-to-earnings ratio of -31.28 and a beta of 0.88. The business has a 50 day moving average of C$5.61 and a 200-day moving average of C$5.19.

Insider Buying and Selling

In related news, Senior Officer Matthew Frederick Roma sold 20,000 shares of Snowline Gold stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of C$5.46, for a total transaction of C$109,200.00. 26.73% of the stock is currently owned by insiders.

About Snowline Gold

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.