CIBC Lowers Snowline Gold (CVE:SGD) Price Target to C$7.00

Snowline Gold (CVE:SGD) had its price target cut by research analysts at CIBC from C$9.00 to C$7.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 31.83% from the stock’s current price.

Snowline Gold Price Performance

Snowline Gold stock traded down C$0.04 during trading hours on Monday, hitting C$5.31. 36,922 shares of the stock traded hands, compared to its average volume of 135,884. The firm’s 50 day moving average price is C$5.56 and its 200-day moving average price is C$5.39. The stock has a market capitalization of C$841.64 million, a price-to-earnings ratio of -29.50 and a beta of 0.81. Snowline Gold has a 1 year low of C$3.88 and a 1 year 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.