White Gold (CVE:WGO) Stock Price Up 13.5% – Still a Buy?

White Gold Corp. (CVE:WGO)’s stock price was up 13.5% on Tuesday. The stock traded as high as C$1.60 and last traded at C$1.60. 112,639 shares were traded during mid-day trading, a decline of 78% from the average session volume of 513,375 shares. The stock had previously closed at C$1.41.

Wall Street Analyst Weigh In

Several analysts have commented on WGO shares. Canaccord Genuity Group set a C$3.40 target price on shares of 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 shares of White Gold and gave the company a “speculative buy” rating in a research note on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, White Gold currently has a consensus rating of “Buy” and an average target price of C$3.95.

White Gold Price Performance

The business has a 50 day moving average price of C$1.94 and a 200 day moving average price of C$1.80. The firm has a market capitalization of C$356.73 million, a P/E ratio of -53.33 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.