Western Copper and Gold (TSE:WRN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

Western Copper and Gold Stock Performance

The stock has a market cap of C$316.09 million, a P/E ratio of -53.93 and a beta of 2.04. The company has a quick ratio of 5.52, a current ratio of 25.74 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of C$1.51 and a 200 day moving average price of C$1.56.

About Western Copper and Gold

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.