Analysts Issue Forecasts for Snowline Gold FY2024 Earnings

Snowline Gold Corp. (CVE:SGD) – Stock analysts at Desjardins issued their FY2024 earnings per share estimates for shares of Snowline Gold in a research report issued to clients and investors on Monday, February 24th. Desjardins analyst A. Carson anticipates that the company will earn ($0.20) per share for the year. Desjardins currently has a “Moderate Buy” rating on the stock. Desjardins also issued estimates for Snowline Gold’s FY2025 earnings at ($0.26) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.25) EPS.

Other equities analysts have also recently issued reports about the stock. CIBC dropped their price target on shares of Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd. Scotiabank dropped their target price on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Price Performance

Shares of SGD stock opened at C$6.46 on Thursday. The company has a market cap of C$1.05 billion, a PE ratio of -59.81 and a beta of 0.81. The stock’s 50 day simple moving average is C$5.56 and its two-hundred day simple moving average is C$5.44. Snowline Gold has a 1 year low of C$3.88 and a 1 year high of C$6.81.

Insider Buying and Selling

In related news, Director Calum Macleod Morrison bought 25,000 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of C$5.05 per share, for a total transaction of C$126,200.00. 27.64% of the stock is currently owned by company insiders.

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.