Western Copper and Gold (TSE:WRN) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Western Copper and Gold crossed above its 200-day moving average on Friday (200-day MA C$3.69), trading as high as C$3.92 and last at C$3.81 on volume of 296,114 shares.
• Analysts have raised targets and ratings recently—BMO lifted its target to C$5.50 (outperform) and National Bank to C$7.50—leaving a consensus "Strong Buy" rating with a C$6.17 target.
• The explorer is developing the Casino project in Yukon, has strong liquidity (quick ratio 5.52, current ratio 19.69) and low leverage (debt/equity 0.12), but a high P/E (190.5) and a near-term EPS forecast of -0.01, reflecting limited current profitability.

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.69 and traded as high as C$3.92. Western Copper and Gold shares last traded at C$3.81, with a volume of 296,114 shares.

Analyst Upgrades and Downgrades

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

Western Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.52 and a current ratio of 19.69. The firm's 50 day simple moving average is C$4.00 and its 200 day simple moving average is C$3.69. The firm has a market capitalization of C$859.65 million, a price-to-earnings ratio of 190.50 and a beta of 1.86.

Western Copper and Gold (TSE:WRN - Get Free Report) NYSE: WRN last announced its quarterly earnings data on Thursday, March 26th. The company reported C$0.01 EPS for the quarter. Sell-side analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.