Western Copper and Gold (TSE:WRN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.04 and traded as high as C$4.41. Western Copper and Gold shares last traded at C$4.08, with a volume of 698,414 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares increased their target price on Western Copper and Gold from C$5.50 to C$7.50 in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of C$6.50.

Western Copper and Gold Stock Down 8.7%

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 firm has a market cap of C$824.39 million, a price-to-earnings ratio of -204.00 and a beta of 1.79. The firm’s 50 day simple moving average is C$4.16 and its two-hundred day simple moving average is C$3.04.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last announced its earnings results on Thursday, November 6th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, equities analysts forecast that Western Copper and Gold Co. will post -0.01 EPS for the current year.

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.