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BMO Capital resumes Snowline Gold stock with Outperform rating

Published 05/09/2025, 08:16
BMO Capital resumes Snowline Gold stock with Outperform rating
SGD
7.81%

Investing.com - BMO Capital has resumed coverage on Snowline Gold Corp (SGD:CN) (OTC:SNWGF) with an Outperform rating and a price target of C$15.50.

The resumption follows a period of restriction due to Snowline Gold’s approximately C$92 million "bought deal" public offering and a concurrent non-brokered private placement that raised an additional approximately C$10 million.

According to BMO Capital, the proceeds from these offerings will be used to advance the company’s projects in the Yukon Territory, as well as for working capital and general corporate purposes.

BMO Capital maintained its Outperform (Speculative) rating and C$15.50 target price after incorporating the additional equity into its financial model.

Snowline Gold Corp is a gold exploration company with projects located in Canada’s Yukon Territory.

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