Snowline Gold (CVE:SGD) Rating Reiterated by National Bank Financial

Snowline Gold (CVE:SGD)‘s stock had its “outperform spec overweight” rating reiterated by equities researchers at National Bank Financial in a research note issued to investors on Sunday, Zacks.com reports. National Bank Financial also issued estimates for Snowline Gold’s FY2024 earnings at ($0.29) EPS.

SGD has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on shares of Snowline Gold from C$15.50 to C$16.50 in a research report on Friday, April 26th. CIBC raised their price objective on shares of Snowline Gold from C$8.50 to C$9.00 in a research report on Wednesday, February 7th. Finally, National Bankshares set a C$9.00 price objective on shares of Snowline Gold and gave the stock an “outperform” rating in a research report on Monday, January 29th.

Snowline Gold Stock Performance

Snowline Gold stock opened at C$5.73 on Friday. Snowline Gold has a 52-week low of C$2.50 and a 52-week high of C$6.40. The firm has a 50 day moving average price of C$5.62 and a two-hundred day moving average price of C$5.21. The firm has a market cap of C$829.47 million, a price-to-earnings ratio of -31.83 and a beta of 0.88.

Insider Activity at Snowline Gold

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

Snowline Gold Company Profile

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.