Sutter Gold Mining (CVE:SGM) Rating Lowered to Hold at Canaccord Genuity Group

Sutter Gold Mining (CVE:SGM) was downgraded by equities research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Sutter Gold Mining Stock Performance

Shares of SGM opened at C$0.01 on Thursday. Sutter Gold Mining has a fifty-two week low of C$0.01 and a fifty-two week high of C$0.03. The business has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.01. The firm has a market cap of C$1.25 million and a P/E ratio of -0.22.

About Sutter Gold Mining

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.