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Snowline Gold Corp. (SGD) Receives a Buy from Scotiabank

Snowline Gold Corp. (SGD) Receives a Buy from Scotiabank

In a report released today, Eric Winmill from Scotiabank maintained a Buy rating on Snowline Gold Corp. (SGDResearch Report), with a price target of C$10.50. The company’s shares closed yesterday at C$7.65.

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According to TipRanks, Winmill is a 5-star analyst with an average return of 13.2% and a 66.67% success rate. Winmill covers the Basic Materials sector, focusing on stocks such as AbraSilver Resource, Fortuna Silver Mines, and Metals Corp.

Currently, the analyst consensus on Snowline Gold Corp. is a Strong Buy with an average price target of C$15.56, implying a 103.40% upside from current levels. In a report released on May 16, BMO Capital also maintained a Buy rating on the stock with a C$17.50 price target.

The company has a one-year high of C$8.95 and a one-year low of C$3.88. Currently, Snowline Gold Corp. has an average volume of 172.9K.

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