White Gold (CVE:WGO) Stock: Insider Donovan Pollitt Buys 14,500 Shares

Key Points

• Insider purchase: Donovan Pollitt bought 14,500 White Gold shares at C$1.55 each, investing C$22,475 and increasing his holdings by 7.82% to 200,000 shares.
• Stock performance: White Gold shares traded at C$1.53, with a 12-month range of C$0.85 to C$2.50 and a market capitalization of approximately C$341 million.
• Analyst outlook: Three analysts rate the stock a Buy, with an average price target of C$3.95; individual targets range from C$3.40 to C$4.50.

White Gold Corp. (CVE:WGO - Get Free Report) insider Donovan Pollitt acquired 14,500 shares of White Gold stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of C$1.55 per share, for a total transaction of C$22,475.00. Following the completion of the purchase, the insider owned 200,000 shares of the company's stock, valued at approximately C$310,000. This represents a 7.82% increase in their position.

White Gold Stock Performance

White Gold stock traded up C$0.01 during midday trading on Tuesday, hitting C$1.53. 93,555 shares of the company's stock were exchanged, compared to its average volume of 507,773. White Gold Corp. has a 12-month low of C$0.85 and a 12-month high of C$2.50. The firm's 50 day simple moving average is C$1.90 and its 200 day simple moving average is C$1.80. The stock has a market cap of C$341.13 million, a price-to-earnings ratio of -51.00 and a beta of 3.90.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WGO shares. Canaccord Genuity Group set a C$3.40 price target on White Gold and gave the company a "moderate buy" rating in a research report on Monday, August 31st. ATB Cormark Capital Markets set a C$4.50 price target on shares of White Gold and gave the stock a "speculative buy" rating in a research note on Thursday, September 10th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$3.95.

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.

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