White Gold (CVE:WGO) Stock Falls 3.1% – Time to Sell?

Shares of White Gold Corp. (CVE:WGO – Get Free Report) were down 3.1% during trading on Thursday. The company traded as low as C$1.81 and last traded at C$1.85. Approximately 183,854 shares were traded during trading, a decline of 66% from the average session volume of 536,644 shares. The stock had previously closed at C$1.91.

Wall Street Analyst Weigh In

WGO has been the subject of a number of research analyst reports. Canaccord Genuity Group set a C$3.40 target price on shares of White Gold and gave the company a “moderate buy” rating in a report on Monday, August 31st. ATB Cormark Capital Markets set a C$4.50 price objective on White Gold and gave the company a “speculative buy” rating in a research note on Thursday, September 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, White Gold has an average rating of “Buy” and a consensus target price of C$3.95.

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Check Out Our Latest Stock Analysis on White Gold

White Gold Stock Performance

The company’s fifty day simple moving average is C$2.00 and its two-hundred day simple moving average is C$1.85. The stock has a market capitalization of C$417.21 million, a PE ratio of -61.67 and a beta of 3.87.

About White Gold

(Get Free Report)

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, copper, molybdenum, and silver deposits. Its flagship project is the Golden Saddle and Arc deposits in the White Gold property located in Dawson City, Yukon. The company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,600 hectares located in the Yukon’s White Gold District in Canada. The company was formerly known as G4G Capital Corp.

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