Western Copper and Gold (TSE:WRN) Shares Break Below 200 Day Moving Average – Here’s What Happened

Shares of Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$3.46 and traded as low as C$3.07. Western Copper and Gold shares last traded at C$3.08, with a volume of 142,650 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial increased 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 note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$6.75.

Western Copper and Gold Stock Up 0.3%

The firm has a market cap of C$696.62 million, a PE ratio of 308.00 and a beta of 2.16. The business’s 50 day moving average price is C$3.29 and its 200 day moving average price is C$3.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 31.48 and a quick ratio of 5.52.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last announced its earnings results on Friday, August 7th. The company reported C($0.01) EPS for the quarter. On average, equities research analysts expect that Western Copper and Gold Co. will post -0.01 earnings per share 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.