Western Copper and Gold (TSE:WRN) Hits New 12-Month Low – Here’s Why

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as C$2.62 and last traded at C$2.63, with a volume of 92,124 shares. The stock had previously closed at C$2.74.

Analyst Ratings Changes

Separately, National Bank Financial raised their price target on shares of Western Copper and Gold from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, Western Copper and Gold has a consensus rating of “Buy” and a consensus price target of C$6.75.

Western Copper and Gold Stock Up 0.8%

The stock has a market cap of C$585.79 million, a P/E ratio of 259.00 and a beta of 2.21. The company has a current ratio of 31.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average is C$3.27 and its 200 day moving average is C$3.43.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last released its quarterly earnings results on Friday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that Western Copper and Gold Co. will post -0.01 EPS for the current year.

About Western Copper and Gold

Western Copper and Gold Corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.