Western Copper and Gold (TSE:WRN) Sets New 12-Month Low – Should You Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$2.62 and last traded at C$2.63, with a volume of 92,124 shares. The stock had previously closed at C$2.74.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their price objective on Western Copper and Gold from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.75.

Western Copper and Gold Stock Down 5.8%

The company has a current ratio of 31.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.27. The firm has a market cap of C$583.53 million, a PE ratio of 258.00 and a beta of 2.21. The business’s 50-day simple moving average is C$3.29 and its 200 day simple moving average is C$3.44.

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

About Western Copper and Gold

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.