Western Copper and Gold (WRN) Set to Release Earnings on Thursday

Key Points

• Western Copper and Gold is expected to report quarterly results before the market opens Thursday, November 5, with analysts forecasting a loss of $0.007 per share.
• WRN shares opened at $1.78, near their one-year low of $1.67 and below both the 50-day and 200-day moving averages. The company has a market capitalization of approximately $402.8 million.
• Analysts maintain a consensus “Buy” rating with an average price target of $5.50, while the company continues developing its non-producing Casino copper-gold project in Yukon, Canada.

Western Copper and Gold (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN is projected to post its results before the market opens on Thursday, November 5th. Analysts expect Western Copper and Gold to announce earnings of ($0.0070) per share for the quarter.

Western Copper and Gold Price Performance

Western Copper and Gold stock opened at $1.78 on Thursday. The firm has a 50-day moving average of $2.22 and a 200-day moving average of $2.62. Western Copper and Gold has a one year low of $1.67 and a one year high of $4.26. The company has a market cap of $402.78 million, a price-to-earnings ratio of -89.00 and a beta of 1.31.

Analyst Ratings Changes

WRN has been the topic of several analyst reports. HC Wainwright reiterated a "buy" rating and set a $5.75 target price on shares of Western Copper and Gold in a report on Friday, September 4th. UBS Group reissued a "buy" rating and set a $5.25 price target on shares of Western Copper and Gold in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $5.50.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canadian mineral exploration and development company focused on advancing the Casino Project in Yukon, Canada. The company is not a producing mining company; its primary activities include exploration, technical studies, permitting and project development.

The Casino Project is a large porphyry deposit containing copper, gold, molybdenum and silver. Located in west-central Yukon, the project is intended to be developed as a large-scale open-pit mining and processing operation, subject to regulatory approvals, financing and construction decisions.

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