Western Copper and Gold (TSE:WRN) Stock Passes Above 200 Day Moving Average – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.55 and traded as high as C$1.66. Western Copper and Gold shares last traded at C$1.58, with a volume of 112,948 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets set a C$3.00 price target on shares of Western Copper and Gold and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Cormark upgraded Western Copper and Gold to a “moderate buy” rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$3.69.

Western Copper and Gold Trading Down 3.7 %

The stock has a market capitalization of C$308.29 million, a P/E ratio of -52.60 and a beta of 2.04. The company has a quick ratio of 5.52, a current ratio of 25.74 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is C$1.53 and its 200-day moving average price is C$1.55.

About Western Copper and Gold

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada’s premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.