Snowline Gold (CVE:SGD) Given New C$7.00 Price Target at CIBC

Snowline Gold (CVE:SGD) had its target price decreased by investment analysts at CIBC from C$9.00 to C$7.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 29.63% from the stock’s previous close.

Snowline Gold Stock Performance

Shares of SGD stock opened at C$5.40 on Monday. The firm has a fifty day moving average price of C$5.55 and a 200 day moving average price of C$5.38. The company has a market cap of C$855.90 million, a P/E ratio of -30.00 and a beta of 0.81. Snowline Gold has a 12 month low of C$3.88 and a 12 month high of C$6.40.

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.