Snowline Gold (CVE:SGD) Stock Rating Upgraded by Desjardins

Snowline Gold (CVE:SGD) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also issued reports on SGD. CIBC dropped their price objective on Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Scotiabank dropped their price objective on Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th.

Snowline Gold Price Performance

Snowline Gold stock opened at C$6.30 on Monday. The stock has a fifty day moving average price of C$5.50 and a two-hundred day moving average price of C$5.43. Snowline Gold has a 52-week low of C$3.88 and a 52-week high of C$6.81. The firm has a market capitalization of C$1.02 billion, a P/E ratio of -58.33 and a beta of 0.81.

Insider Activity

In related news, Director Calum Macleod Morrison bought 25,000 shares of Snowline Gold stock in a transaction on Friday, December 6th. The shares were purchased at an average price of C$5.05 per share, for a total transaction of C$126,200.00. 27.64% of the stock is currently owned by corporate insiders.

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.