Western Copper and Gold (TSE:WRN) Hits New 52-Week High - Time to Buy?

Key Points

• Western Copper and Gold Co. shares reached a new 52-week high of C$2.90 during trading, increasing from a previous closed price of C$2.78.
• Equities analysts have issued positive ratings for the stock, with a price target of C$4.25 and a consensus rating of “Buy”.
• The company is actively developing its Casino project, which is expected to become Canada's premier copper-gold mine.

Shares of Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.90 and last traded at C$2.88, with a volume of 110712 shares traded. The stock had previously closed at C$2.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WRN shares. Stifel Nicolaus set a C$5.50 price objective on shares of Western Copper and Gold and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Stifel Canada raised shares of Western Copper and Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$4.25.

Western Copper and Gold Price Performance

The company's fifty day moving average is C$2.08 and its 200 day moving average is C$1.79. The firm has a market cap of C$596.88 million, a price-to-earnings ratio of -148.00 and a beta of 1.26. The company has a quick ratio of 5.52, a current ratio of 25.74 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.