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

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.59 and traded as low as C$3.41. Western Copper and Gold shares last traded at C$3.42, with a volume of 462,958 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WRN shares. National Bank Financial raised their price objective on Western Copper and Gold from C$5.50 to C$7.50 in a research note on Thursday, January 29th. BMO Capital Markets increased their target price 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 analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of C$6.17.

Western Copper and Gold Price Performance

The company has a market cap of C$751.32 million, a P/E ratio of -166.50 and a beta of 1.48. The company’s 50-day moving average price is C$4.29 and its two-hundred day moving average price is C$3.60. The company has a current ratio of 10.53, a quick ratio of 5.52 and a debt-to-equity ratio of 0.14.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$0.01 EPS for the quarter. As a group, sell-side analysts expect 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.