Sutter Gold Mining (CVE:SGM) Rating Increased to Strong-Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Sutter Gold Mining (CVE:SGM) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

Sutter Gold Mining Trading Up ∞

Shares of SGM stock opened at C$0.01 on Friday. The company has a market capitalization of C$1.25 million and a price-to-earnings ratio of -0.22. Sutter Gold Mining has a 1-year low of C$0.01 and a 1-year high of C$0.03. The stock’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.