Snowline Gold (CVE:SGD) Stock Rating Upgraded by National Bank Financial

Snowline Gold (CVE:SGD) was upgraded by equities researchers at National Bank Financial to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

SGD has been the topic of several other reports. Desjardins set a C$11.00 price target on shares of Snowline Gold and gave the stock a “buy” rating in a report on Tuesday, February 25th. Scotiabank reduced their target price on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Stock Performance

CVE SGD opened at C$7.15 on Thursday. The company has a market cap 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. The firm’s 50 day moving average price is C$6.92 and its 200-day moving average price is C$5.94.

About Snowline Gold

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.