ATB Cormark Capital Markets Reiterates “C$4.50” Price Target for White Gold (CVE:WGO)

ATB Cormark Capital Markets set a C$4.50 target price on White Gold (CVE:WGO) in a report released on Thursday morning,BayStreet reports. The firm currently has a speculative buy rating on the stock.

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

White Gold Stock Performance

Shares of CVE:WGO opened at C$2.10 on Thursday. The company has a 50 day moving average price of C$1.89 and a two-hundred day moving average price of C$1.85. The company has a market capitalization of C$473.59 million, a PE ratio of -70.00 and a beta of 3.87. White Gold has a 52 week low of C$0.72 and a 52 week high of C$2.50.

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.