Western Copper and Gold (TSE:WRN) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.98 and traded as low as C$2.98. Western Copper and Gold shares last traded at C$3.06, with a volume of 873,826 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price target on shares of 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. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Western Copper and Gold presently has a consensus rating of “Buy” and a consensus price target of C$6.50.

Western Copper and Gold Trading Up 3.0%

The stock has a market capitalization of C$690.44 million, a PE ratio of 306.00 and a beta of 1.91. The company has a current ratio of 45.19, a quick ratio of 5.52 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of C$3.75 and a 200-day moving average price of C$3.98.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.01 earnings per share for the quarter. As a group, equities analysts forecast that Western Copper and Gold Co. will post -0.01 EPS for the current fiscal year.

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.