Scotiabank Cuts Snowline Gold (CVE:SGD) Price Target to C$8.50

Snowline Gold (CVE:SGD) had its price target cut by Scotiabank from C$9.50 to C$8.50 in a research note released on Wednesday morning,BayStreet.CA reports.

Separately, CIBC reduced their price objective on shares of Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd.

Snowline Gold Stock Performance

Shares of SGD opened at C$5.26 on Wednesday. The company has a market cap of C$833.71 million, a price-to-earnings ratio of -29.22 and a beta of 0.81. The firm has a fifty day moving average of C$5.22 and a 200-day moving average of C$5.27. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$6.39.

Insider Transactions at Snowline Gold

In other Snowline Gold news, Director Calum Macleod Morrison bought 25,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of C$5.05 per share, for a total transaction of C$126,200.00. Corporate insiders own 27.64% of the company’s stock.

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.