Western Copper and Gold (TSE:WRN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.63 and traded as high as C$3.63. Western Copper and Gold shares last traded at C$3.55, with a volume of 196,036 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. National Bank Financial increased 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 boosted 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 investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company presently 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 market capitalization of C$800.98 million, a P/E ratio of 177.50 and a beta of 1.48. The company has a current ratio of 19.69, a quick ratio of 5.52 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is C$4.17 and its 200 day moving average is C$3.63.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its earnings results on Thursday, March 26th. The company reported C$0.01 earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Western Copper and Gold Co. will post -0.01 earnings per share for the current year.

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.