Western Copper and Gold Co. (TSE:WRN) Receives C$4.00 Average Price Target from Analysts

Key Points

• Western Copper and Gold Co. has received a consensus recommendation of "Buy" from five analysts, with an average price target of C$4.00.
• The company's stock recently saw a 4.5% increase, opening at C$1.84 and boasting a market cap of C$359.02 million.
• Insider Sales: Senior Officer Elena Spivak sold 33,334 shares at an average price of C$1.66 in July 2023, with insiders owning 16.29% of the company's stock.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN has been assigned a consensus recommendation of "Buy" from the five research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$4.00.

Several brokerages recently commented on WRN. Stifel Canada upgraded Western Copper and Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Stifel Nicolaus set a C$5.50 price target on Western Copper and Gold and gave the stock a "buy" rating in a research report on Wednesday, June 11th.

Insider Transactions at Western Copper and Gold

In other Western Copper and Gold news, Senior Officer Elena Spivak sold 33,334 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$1.66, for a total value of C$55,334.44. 16.29% of the stock is currently owned by insiders.

Western Copper and Gold Price Performance

Shares of WRN stock remained flat at C$1.95 during trading hours on Monday. The stock had a trading volume of 41,740 shares, compared to its average volume of 116,826. The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02. The company has a market capitalization of C$393.21 million, a price-to-earnings ratio of -97.50 and a beta of 0.78. The business's fifty day moving average price is C$1.75 and its 200 day moving average price is C$1.64. Western Copper and Gold has a twelve month low of C$1.28 and a twelve month high of C$1.99.

About Western Copper and Gold

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.