Scotiabank Has Lowered Expectations for Snowline Gold (CVE:SGD) Stock Price

Snowline Gold (CVE:SGD) had its target price dropped by equities researchers at Scotiabank from C$9.50 to C$8.50 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 58.58% from the company’s current price.

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

Snowline Gold Stock Performance

CVE SGD opened at C$5.36 on Wednesday. The stock has a market cap of C$849.56 million, a P/E ratio of -29.78 and a beta of 0.81. Snowline Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$6.39. The stock has a 50 day simple moving average of C$5.21 and a two-hundred day simple moving average of C$5.27.

Insider Buying and Selling at Snowline Gold

In related news, Director Calum Macleod Morrison acquired 25,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of C$5.05 per share, with a total value of C$126,200.00. Insiders own 27.64% of the company’s stock.

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.