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

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.15 and traded as high as C$4.39. Western Copper and Gold shares last traded at C$4.32, with a volume of 515,985 shares changing hands.

Analyst Ratings Changes

Separately, National Bank Financial lifted their price target on shares of Western Copper and Gold from C$5.50 to C$7.50 in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Western Copper and Gold has a consensus rating of “Strong Buy” and an average price target of C$6.50.

Western Copper and Gold Trading Up 5.1%

The company has a market cap of C$872.88 million, a P/E ratio of -216.00 and a beta of 1.79. The business has a fifty day simple moving average of C$4.27 and a 200 day simple moving average of C$3.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.52 and a current ratio of 25.74.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share (EPS) for the quarter. Analysts anticipate that Western Copper and Gold Co. will post -0.01 earnings per share for the current fiscal 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.