Western Copper and Gold (TSE:WRN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.85 and traded as high as C$4.34. Western Copper and Gold shares last traded at C$4.10, with a volume of 306,440 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WRN shares. National Bank Financial raised their price target on Western Copper and Gold from C$5.50 to C$7.50 in a report on Thursday, January 29th. BMO Capital Markets raised their price target on Western Copper and Gold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$6.17.

Western Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 45.19 and a quick ratio of 5.52. The firm has a market cap of C$861.90 million, a price-to-earnings ratio of 382.00 and a beta of 1.90. The firm has a fifty day simple moving average of C$3.78 and a two-hundred day simple moving average of C$3.85.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last released its earnings results on Friday, May 8th. The company reported C$0.01 EPS for the quarter. On average, analysts expect 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.