Western Copper and Gold (TSE:WRN) Reaches New 12-Month Low - Should You Sell?

Key Points

• Western Copper and Gold shares hit a new 52-week low, falling to C$2.34 before closing near C$2.37. The stock is trading below its 50-day and 200-day moving averages.
• Despite the decline, National Bank Financial raised its price target from C$7.50 to C$8.00 and maintained an “outperform” rating. Both covering analysts rate the stock a Buy, with a consensus target of C$6.75.
• The company reported a quarterly loss of C$0.01 per share, while analysts expect a C$0.01-per-share loss for the full year. Western Copper and Gold is advancing the Casino copper-gold project in Yukon, Canada.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN's share price reached a new 52-week low during trading on Monday. The company traded as low as C$2.34 and last traded at C$2.37, with a volume of 82,257 shares. The stock had previously closed at C$2.38.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price objective on Western Copper and Gold from C$7.50 to C$8.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Western Copper and Gold currently has a consensus rating of "Buy" and a consensus price target of C$6.75.

Western Copper and Gold Stock Performance

The firm has a fifty day simple moving average of C$3.16 and a 200 day simple moving average of C$3.39. The company has a current ratio of 31.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.27. The stock has a market cap of C$547.34 million, a price-to-earnings ratio of 242.00 and a beta of 2.21.

Western Copper and Gold (TSE:WRN - Get Free Report) NYSE: WRN last announced its quarterly earnings data on Friday, August 7th. The company reported C($0.01) earnings per share for the quarter. As a group, sell-side 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 and Gold Corporation is advancing the Casino Project, Canada's premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

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