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Western Copper and Gold (TSE:WRN) Share Price Passes Above 200-Day Moving Average - Here's Why

Western Copper and Gold logo with Basic Materials background

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.58 and traded as high as C$1.80. Western Copper and Gold shares last traded at C$1.77, with a volume of 156,350 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on WRN shares. Stifel Canada upgraded shares of Western Copper and Gold to a "strong-buy" rating in a report on Tuesday, June 10th. Stifel Nicolaus set a C$5.50 price objective on shares of Western Copper and Gold and gave the company a "buy" rating in a research report on Wednesday, June 11th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$4.00.

Check Out Our Latest Stock Analysis on WRN

Western Copper and Gold Trading Down 1.6%

The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02. The company has a market capitalization of C$353.16 million, a price-to-earnings ratio of -60.26 and a beta of 2.04. The firm has a 50-day moving average price of C$1.71 and a 200-day moving average price of C$1.59.

About Western Copper and Gold

(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.

Further Reading

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