White Gold (CVE:WGO) Given a C$3.40 Price Target at Canaccord Genuity Group

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

White Gold Trading Up 0.6%

Shares of CVE:WGO traded up C$0.01 during trading on Monday, reaching C$2.35. 159,587 shares of the company traded hands, compared to its average volume of 568,323. White Gold has a 52-week low of C$0.57 and a 52-week high of C$2.50. The firm has a market capitalization of C$525.07 million, a price-to-earnings ratio of -117.75 and a beta of 3.59. The business’s fifty day moving average is C$1.80 and its 200-day moving average is C$1.81.

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.