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

White Gold Corp. (CVE:WGO)’s stock price was down 3.1% during trading on Thursday. The company traded as low as C$1.81 and last traded at C$1.85. 183,854 shares changed hands during trading, a decline of 66% from the average daily volume of 536,644 shares. The stock had previously closed at C$1.91.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WGO. ATB Cormark Capital Markets set a C$4.50 price target on White Gold and gave the stock a “speculative buy” rating in a report on Thursday, September 10th. Canaccord Genuity Group set a C$3.40 price objective 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, the company has a consensus rating of “Buy” and a consensus price target of C$3.95.

White Gold Stock Down 3.1%

The business’s fifty day moving average price is C$2.00 and its 200 day moving average price is C$1.85. The firm has a market capitalization of C$417.21 million, a PE ratio of -61.67 and a beta of 3.87.

White Gold Company Profile

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.