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Western Copper and Gold (TSE:WRN) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Western Copper and Gold logo with Basic Materials background

Key Points

  • Western Copper and Gold (TSE:WRN) shares have risen above their 200-day moving average, trading as high as C$2.28, with a current price of C$2.22.
  • Stifel Canada has upgraded the stock to a "strong-buy" rating, contributing to a consensus rating of "Buy" and a target price of C$4.00.
  • The company is actively developing the Casino project, positioning itself as Canada's premier copper-gold mine with significant reserves.
  • Interested in Western Copper and Gold? Here are five stocks we like better.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.67 and traded as high as C$2.28. Western Copper and Gold shares last traded at C$2.22, with a volume of 599,672 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Canada raised shares of 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 report on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$4.00.

Get Our Latest Analysis on Western Copper and Gold

Western Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 25.74 and a quick ratio of 5.52. The stock has a market cap of C$459.76 million, a price-to-earnings ratio of -114.00 and a beta of 0.83. The stock's 50-day moving average is C$1.86 and its 200 day moving average is C$1.69.

Insider Activity at Western Copper and Gold

In other news, Senior Officer Elena Spivak sold 33,334 shares of the firm's stock in a transaction that occurred 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 owned by corporate insiders.

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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