Western Copper and Gold (TSE:WRN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.04 and traded as high as C$4.41. Western Copper and Gold shares last traded at C$4.08, with a volume of 698,414 shares.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their target price on Western Copper and Gold from C$5.50 to C$7.50 in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Western Copper and Gold has an average rating of “Strong Buy” and an average price target of C$6.50.

Western Copper and Gold Trading Down 8.7%

The stock has a market capitalization of C$824.39 million, a P/E ratio of -204.00 and a beta of 1.79. The stock’s 50 day moving average price is C$4.16 and its 200-day moving average price is C$3.04. The company has a quick ratio of 5.52, a current ratio of 25.74 and a debt-to-equity ratio of 0.02.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last posted its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. As a group, equities research analysts expect that Western Copper and Gold Co. will post -0.01 earnings per share for the current year.

Western Copper and Gold Company Profile

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada’s premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.