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

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.57 and traded as high as C$1.65. Western Copper and Gold shares last traded at C$1.62, with a volume of 32,465 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WRN shares. Canaccord Genuity Group upgraded shares of Western Copper and Gold to a “moderate buy” rating in a research note on Monday, December 9th. Cormark raised Western Copper and Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets set a C$3.00 price target on Western Copper and Gold and gave the company an “outperform” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Western Copper and Gold currently has a consensus rating of “Buy” and a consensus 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 stock has a fifty day simple moving average of C$1.53 and a 200-day simple moving average of C$1.57. The stock has a market cap 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.