Canaccord Genuity Group Reiterates C$3.40 Price Target for White Gold (CVE:WGO)

White Gold (CVE:WGO) has been assigned a C$3.40 price objective by stock analysts at Canaccord Genuity Group in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 44.37% from the stock’s previous close.

White Gold Stock Performance

Shares of WGO stock traded up C$0.01 on Monday, hitting C$2.35. 159,587 shares of the company’s stock traded hands, compared to its average volume of 568,323. White Gold has a one year low of C$0.57 and a one year high of C$2.50. The company’s fifty day simple moving average is C$1.80 and its 200 day simple moving average is C$1.81. The stock has a market capitalization of C$525.07 million, a price-to-earnings ratio of -117.75 and a beta of 3.59.

About White Gold

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.