Western Copper and Gold (NYSEAMERICAN:WRN) Releases Earnings Results, Meets Estimates

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) issued its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), Zacks reports.

Western Copper and Gold Trading Down 3.2%

NYSEAMERICAN WRN traded down $0.05 during trading hours on Friday, reaching $1.49. 1,387,902 shares of the company’s stock were exchanged, compared to its average volume of 1,064,881. The stock has a market cap of $337.16 million, a PE ratio of -49.67 and a beta of 1.33. Western Copper and Gold has a one year low of $1.48 and a one year high of $4.26. The firm has a fifty day moving average of $2.08 and a 200-day moving average of $2.55.

Analysts Set New Price Targets

A number of analysts have weighed in on WRN shares. HC Wainwright reiterated a “buy” rating and issued a $5.75 price target on shares of Western Copper and Gold in a research report on Friday, September 4th. UBS Group reiterated a “buy” rating and set a $5.25 price objective on shares of Western Copper and Gold in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.50.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is a Canadian mineral exploration and development company focused on advancing the Casino Project in Yukon, Canada. The company is not a producing mining company; its primary activities include exploration, technical studies, permitting and project development.

The Casino Project is a large porphyry deposit containing copper, gold, molybdenum and silver. Located in west-central Yukon, the project is intended to be developed as a large-scale open-pit mining and processing operation, subject to regulatory approvals, financing and construction decisions.