Western Copper and Gold (TSE:WRN) Stock Passes Below 200 Day Moving Average – Time to Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.59 and traded as low as C$3.41. Western Copper and Gold shares last traded at C$3.42, with a volume of 462,958 shares traded.

Analyst Ratings Changes

Several brokerages have commented on WRN. BMO Capital Markets lifted their target price on Western Copper and Gold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, February 27th. National Bank Financial raised their price objective on Western Copper and Gold from C$5.50 to C$7.50 in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Western Copper and Gold currently has an average rating of “Strong Buy” and an average target price of C$6.17.

Western Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.52 and a current ratio of 10.53. The stock’s 50 day moving average price is C$4.34 and its 200 day moving average price is C$3.59. The company has a market capitalization of C$771.62 million, a P/E ratio of -171.00 and a beta of 1.48.

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.