Western Copper and Gold (TSE:WRN) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Western Copper and Gold shares have recently surpassed their 200-day moving average of C$1.60, trading at C$1.71 with a volume of nearly 98,000 shares.
• Analysts are optimistic, with Stifel Canada upgrading the stock to a "strong-buy" and setting a price target of C$5.50, while the average target price is C$4.00.
• The company is in the exploration stage, focusing on the Casino project, which aims to become Canada's premier copper-gold mine.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.60 and traded as high as C$1.73. Western Copper and Gold shares last traded at C$1.71, with a volume of 97,968 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WRN shares. Stifel Canada upgraded Western Copper and Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. Stifel Nicolaus set a C$5.50 price objective on Western Copper and Gold and gave the stock a "buy" rating in a report on Wednesday, June 11th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Western Copper and Gold has an average rating of "Buy" and an average target price of C$4.00.

Western Copper and Gold Price Performance

The company has a market cap of C$333.65 million, a price-to-earnings ratio of -56.93 and a beta of 2.04. The company's 50 day moving average price is C$1.73 and its 200-day moving average price is C$1.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.52 and a current ratio of 25.74.

Insider Transactions at Western Copper and Gold

In other news, Senior Officer Elena Spivak sold 33,334 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$1.66, for a total transaction of C$55,334.44. Company 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.