Western Copper and Gold (TSE:WRN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.53 and traded as low as C$3.08. Western Copper and Gold shares last traded at C$3.13, with a volume of 384,248 shares trading hands.

Analysts Set New Price Targets

Separately, National Bank Financial increased their price objective on shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$6.75.

Western Copper and Gold Stock Performance

The company has a 50 day moving average of C$3.24 and a 200-day moving average of C$3.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.52 and a current ratio of 31.48. The stock has a market cap of C$757.69 million, a price-to-earnings ratio of 335.00 and a beta of 2.16.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last released its earnings results on Friday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, research analysts anticipate 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 & 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.