White Gold (CVE:WGO) Given a C$4.50 Price Target at ATB Cormark Capital Markets

White Gold (CVE:WGO – Get Free Report) has been given a C$4.50 target price by stock analysts at ATB Cormark Capital Markets in a report released on Thursday, BayStreet reports. The firm presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 111.27% from the stock’s current price.

Separately, Canaccord Genuity Group set a C$3.40 price target on White Gold and gave the company a “moderate buy” rating in a research report on Monday, August 31st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$3.95.

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White Gold Price Performance

Shares of CVE:WGO traded down C$0.12 during midday trading on Thursday, reaching C$2.13. 213,648 shares of the company’s stock were exchanged, compared to its average volume of 561,305. The firm’s 50 day simple moving average is C$1.88 and its two-hundred day simple moving average is C$1.85. White Gold has a fifty-two week low of C$0.70 and a fifty-two week high of C$2.50. The stock has a market cap of C$480.35 million, a price-to-earnings ratio of -71.00 and a beta of 3.87.

White Gold Company Profile

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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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