Western Copper and Gold (TSE:WRN) Sets New 1-Year Low – Here’s Why

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price hit a new 52-week low on Monday. The stock traded as low as C$2.34 and last traded at C$2.37, with a volume of 82,257 shares. The stock had previously closed at C$2.38.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on Western Copper and Gold from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Two equities research 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 target price of C$6.75.

Western Copper and Gold Trading Up 2.9%

The firm has a market cap of C$558.65 million, a price-to-earnings ratio of 247.00 and a beta of 2.21. The business’s 50-day moving average price is C$3.13 and its two-hundred day moving average price is C$3.63. 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 released its quarterly earnings data on Friday, August 7th. The company reported C($0.01) EPS for the quarter. Equities 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.