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

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$3.44 and traded as low as C$2.70. Western Copper and Gold shares last traded at C$2.74, with a volume of 488,077 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their target price on shares of Western Copper and Gold from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Western Copper and Gold has an average rating of “Buy” and a consensus target price of C$6.75.

Western Copper and Gold Price Performance

The stock has a market capitalization of C$585.79 million, a P/E ratio of 259.00 and a beta of 2.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.52 and a current ratio of 31.48. The firm has a 50-day moving average price of C$3.27 and a 200 day moving average price of C$3.43.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its quarterly earnings results on Friday, August 7th. 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 and Gold Corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.