White Gold (CVE:WGO) Stock Price Down 8.6% – Should You Sell?

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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 research note on Monday, August 31st. ATB Cormark Capital Markets set a C$4.50 target price on White Gold and gave the stock a “speculative buy” rating in a research note on Thursday, September 10th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, White Gold has an average rating of “Buy” and a consensus target price of C$3.95.

White Gold Trading Up 2.9%

The firm has a 50-day moving average of C$1.96 and a two-hundred day moving average of C$1.86. The firm has a market capitalization of C$316.60 million, a P/E ratio of -47.33 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.