White Gold (CVE:WGO) Shares Down 8.6% – What’s Next?

White Gold Corp. (CVE:WGO) traded down 8.6% during mid-day trading on Thursday. The stock traded as low as C$1.38 and last traded at C$1.38. Approximately 511,511 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 516,352 shares. The stock had previously closed at C$1.51.

Analyst Upgrades and Downgrades

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

White Gold Trading Down 8.6%

The company has a fifty day moving average of C$1.97 and a 200-day moving average of C$1.86. The company has a market capitalization of C$307.68 million, a price-to-earnings ratio of -46.00 and a beta of 3.90.

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.