Western Copper and Gold (TSE:WRN) Stock Crosses Above 200-Day Moving Average – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.56 and traded as high as C$1.64. Western Copper and Gold shares last traded at C$1.62, with a volume of 23,483 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WRN shares. Cormark upgraded shares of Western Copper and Gold to a “moderate buy” rating in a report on Tuesday, February 18th. Canaccord Genuity Group upgraded Western Copper and Gold to a “moderate buy” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets set a C$3.00 target price on Western Copper and Gold and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$3.69.

Western Copper and Gold Price Performance

The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of C$1.51 and a two-hundred day moving average price of C$1.56. The firm has a market capitalization of C$316.09 million, a price-to-earnings ratio of -53.93 and a beta of 2.04.

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.