Western Copper and Gold (TSE:WRN) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200‑day moving average, trading as high as C$3.83 (200‑day MA C$3.79) and last at C$3.75 on volume of 418,674 shares.
• Analysts have lifted price targets—National Bank Financial to C$7.50 and BMO to C$5.50—resulting in a consensus Strong Buy rating and an average target of C$6.17.
• Western Copper & Gold is an exploration‑stage miner developing the Casino copper‑gold project; it shows high liquidity (quick ratio 5.52, current ratio 19.69) and low debt (debt/equity 0.12) but a high P/E of 187.5 and an expected FY EPS of -0.01.

Shares of Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.79 and traded as high as C$3.83. Western Copper and Gold shares last traded at C$3.75, with a volume of 418,674 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the company. National Bank Financial upped their price target on Western Copper and Gold from C$5.50 to C$7.50 in a research note on Thursday, January 29th. BMO Capital Markets lifted their price objective on Western Copper and Gold from C$5.00 to C$5.50 and gave the company an "outperform" rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Western Copper and Gold currently has an average rating of "Strong Buy" and a consensus target price of C$6.17.

Western Copper and Gold Stock Performance

The company has a quick ratio of 5.52, a current ratio of 19.69 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of C$3.87 and a 200 day simple moving average of C$3.79. The company has a market cap of C$846.11 million, a price-to-earnings ratio of 187.50 and a beta of 1.86.

Western Copper and Gold (TSE:WRN - Get Free Report) NYSE: WRN last announced its earnings results on Thursday, March 26th. The company reported C$0.01 EPS for the quarter. On average, sell-side analysts predict that Western Copper and Gold Co. will post -0.01 earnings per share for the current fiscal year.

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.

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