Western Copper and Gold (TSE:WRN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.80 and traded as high as C$4.19. Western Copper and Gold shares last traded at C$4.12, with a volume of 1,163,203 shares changing hands.

Analyst Upgrades and Downgrades

WRN has been the topic of several analyst reports. BMO Capital Markets raised 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 report on Friday, February 27th. National Bank Financial raised their target price on Western Copper and Gold from C$5.50 to C$7.50 in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Western Copper and Gold has an average rating of “Strong Buy” and an average price target of C$6.17.

Western Copper and Gold Trading Up 9.3%

The business has a 50 day simple moving average of C$3.83 and a 200-day simple moving average of C$3.80. 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 stock has a market capitalization of C$929.59 million, a P/E ratio of 206.00 and a beta of 1.90.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$0.01 earnings per share (EPS) for the quarter. On average, analysts predict that Western Copper and Gold Co. will post -0.01 EPS 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.