Western Copper and Gold (TSE:WRN) Sets New 52-Week Low – Here’s Why

Shares of Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) reached a new 52-week low on Wednesday. The company traded as low as C$2.62 and last traded at C$2.63, with a volume of 92,124 shares trading hands. The stock had previously closed at C$2.74.

Analysts Set New Price Targets

Separately, National Bank Financial raised 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 report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$6.75.

Western Copper and Gold Price Performance

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

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