Western Copper and Gold (NYSEAMERICAN:WRN) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.71 and traded as low as $2.10. Western Copper and Gold shares last traded at $2.17, with a volume of 4,129,762 shares traded.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $5.75 target price on shares of Western Copper and Gold in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Western Copper and Gold presently has a consensus rating of “Buy” and a consensus target price of $5.75.

Western Copper and Gold Stock Up 3.8%

The firm has a market cap of $489.90 million, a price-to-earnings ratio of -217.00 and a beta of 1.19. The company’s fifty day moving average is $2.71 and its 200 day moving average is $2.89.

Institutional Trading of Western Copper and Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in Western Copper and Gold by 45.6% during the fourth quarter. International Assets Investment Management LLC now owns 18,200 shares of the company’s stock valued at $49,000 after purchasing an additional 5,700 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Western Copper and Gold by 1.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 534,800 shares of the company’s stock worth $1,353,000 after purchasing an additional 6,600 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Western Copper and Gold by 22.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,140 shares of the company’s stock worth $96,000 after purchasing an additional 6,665 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Western Copper and Gold by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock worth $67,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Western Copper and Gold during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.