Western Copper and Gold (TSE:WRN) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Western Copper and Gold Co. (TSE:WRN) shares have surpassed their 200-day moving average, trading at C$1.69 after reaching a high of C$1.79.
• Analysts have shown strong support for the stock, with a consensus rating of "Buy" and a price target of C$4.00.
• Insider trading was noted, as Senior Officer Elena Spivak sold 33,334 shares for approximately C$55,334, contributing to a total of 16.29% insider ownership.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN's share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.59 and traded as high as C$1.79. Western Copper and Gold shares last traded at C$1.69, with a volume of 136,507 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on WRN. 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 report on Wednesday, June 11th. Stifel Canada raised shares of Western Copper and Gold to a "strong-buy" rating in a report on Tuesday, June 10th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$4.00.

Western Copper and Gold Trading Down 1.8%

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 firm's 50-day simple moving average is C$1.72 and its 200 day simple moving average is C$1.60. The stock has a market capitalization of C$323.89 million, a P/E ratio of -55.26 and a beta of 2.04.

Insider Buying and Selling

In other Western Copper and Gold news, Senior Officer Elena Spivak sold 33,334 shares of the business's stock in a transaction dated 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.

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.