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Western Copper and Gold (TSE:WRN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Western Copper and Gold logo with Basic Materials background

Key Points

  • Western Copper and Gold (TSE:WRN) shares have crossed above their two hundred day moving average, indicating positive momentum, with a current trading price of C$1.82.
  • Stifel Canada upgraded Western Copper and Gold to a "strong-buy" rating and set a price target of C$5.50, with the consensus target price at C$4.00 based on ratings from multiple analysts.
  • The company is in the exploration phase, working on the Casino project in Yukon, Canada, which holds significant reserves of gold and copper.
  • Five stocks we like better than Western Copper and Gold.

Shares of Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.61 and traded as high as C$1.86. Western Copper and Gold shares last traded at C$1.82, with a volume of 260,399 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WRN shares. Stifel Canada upgraded 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 shares of Western Copper and Gold and gave the company a "buy" rating in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$4.00.

View Our Latest Research Report on WRN

Western Copper and Gold Trading Up 1.1%

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 business's 50-day moving average price is C$1.74 and its two-hundred day moving average price is C$1.62. The company has a market capitalization of C$343.41 million, a price-to-earnings ratio of -58.59 and a beta of 2.04.

Insider Buying and Selling at Western Copper and Gold

In related news, Senior Officer Elena Spivak sold 33,334 shares of Western Copper and Gold 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. Insiders own 16.29% of the company's stock.

Western Copper and Gold Company Profile

(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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