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

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$3.50 and traded as low as C$3.27. Western Copper and Gold shares last traded at C$3.31, with a volume of 246,354 shares changing hands.

Analyst Upgrades and Downgrades

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

Western Copper and Gold Trading Down 0.9%

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 stock has a market capitalization of C$741.85 million, a P/E ratio of 328.00 and a beta of 2.16. The business’s fifty day simple moving average is C$3.28 and its two-hundred day simple moving average is C$3.49.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last posted its quarterly earnings data on Friday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, analysts forecast 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.