Snowline Gold (CVE:SGD) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Snowline Gold (CVE:SGD) to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Desjardins set a C$11.00 target price on shares of Snowline Gold and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Scotiabank reduced their price objective on shares of Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th.

Snowline Gold Stock Performance

CVE:SGD opened at C$7.15 on Thursday. The stock has a 50-day simple moving average of C$6.92 and a two-hundred day simple moving average of C$5.94. The firm has a market capitalization of C$1.16 billion, a PE ratio of -66.20 and a beta of 0.81. Snowline Gold has a 52-week low of C$3.88 and a 52-week high of C$8.81.

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.