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Western Copper and Gold (TSE:WRN) Reaches New 12-Month High - Here's What Happened

Western Copper and Gold logo with Basic Materials background

Key Points

  • Western Copper and Gold Co. shares reached a new 12-month high at C$2.81, reflecting strong market interest with a trading volume of 67,500 shares.
  • Analysts have projected a price target of C$5.50 for the stock, with a consensus rating of "Buy" based on multiple upgrades.
  • The company is focused on developing the Casino project, which is set to become Canada's premier copper-gold mine.
  • MarketBeat previews top five stocks to own in October.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN shares hit a new 52-week high on Monday . The stock traded as high as C$2.81 and last traded at C$2.79, with a volume of 67500 shares changing hands. The stock had previously closed at C$2.74.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WRN. Stifel Nicolaus set a C$5.50 price target on Western Copper and Gold and gave the company a "buy" rating in a research report on Wednesday, June 11th. Stifel Canada upgraded Western Copper and Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, Western Copper and Gold currently has a consensus rating of "Buy" and an average target price of C$4.00.

Get Our Latest Stock Report on WRN

Western Copper and Gold Stock Performance

The company has a quick ratio of 5.52, a current ratio of 25.74 and a debt-to-equity ratio of 0.02. The company's 50-day moving average is C$1.98 and its two-hundred day moving average is C$1.75. The company has a market capitalization of C$570.66 million, a P/E ratio of -141.50 and a beta of 0.83.

Insider Buying and Selling at Western Copper and Gold

In related news, Senior Officer Elena Spivak sold 33,334 shares of the company's stock in a transaction that occurred 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. Company insiders own 16.29% of the company's stock.

About Western Copper and Gold

(Get Free Report)

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.

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