Sutter Gold Mining (CVE:SGM) Downgraded by BMO Capital Markets to “Hold”

BMO Capital Markets downgraded shares of Sutter Gold Mining (CVE:SGM) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks reports.

Sutter Gold Mining Stock Performance

CVE:SGM opened at C$0.01 on Thursday. The stock has a fifty day moving average price of C$0.01 and a 200-day moving average price of C$0.01. The company has a market cap of C$1.25 million and a price-to-earnings ratio of -0.22. Sutter Gold Mining has a fifty-two week low of C$0.01 and a fifty-two week high of C$0.03.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.