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

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.

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.

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

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.