Snowline Gold (CVE:SGD) Shares Up 9.2% – Still a Buy?

Shares of Snowline Gold Corp. (CVE:SGD) were up 9.2% during trading on Wednesday . The stock traded as high as C$13.69 and last traded at C$13.15. Approximately 427,350 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 163,035 shares. The stock had previously closed at C$12.04.

Analyst Upgrades and Downgrades

SGD has been the subject of a number of research analyst reports. CIBC raised their price objective on Snowline Gold from C$14.00 to C$17.50 in a research report on Friday, October 10th. National Bankshares set a C$15.00 price target on Snowline Gold and gave the company an “outperform” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Snowline Gold has an average rating of “Buy” and a consensus target price of C$13.90.

Snowline Gold Trading Up 20.1%

The firm’s 50-day moving average price is C$11.63 and its 200-day moving average price is C$9.70. The stock has a market capitalization of C$2.50 billion, a PE ratio of -68.86 and a beta of 0.27.

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.