Sutter Gold Mining (CVE:SGM) Downgraded by ATB Cormark Capital Markets to “Hold”

Sutter Gold Mining (CVE:SGM) was downgraded by analysts at ATB Cormark Capital Markets from a “moderate buy” rating to a “hold” rating in a research note issued on Friday, Zacks reports.

Separately, BMO Capital Markets cut shares of Sutter Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Sutter Gold Mining currently has an average rating of “Moderate Buy”.

Sutter Gold Mining Price Performance

SGM stock opened at C$0.01 on Friday. The business’s 50-day moving average is C$0.01 and its two-hundred day moving average is C$0.01. The firm has a market capitalization of C$1.25 million and a P/E 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.

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.