Western Copper and Gold (TSE:WRN) Reaches New 12-Month Low – Here’s What Happened

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as C$2.47 and last traded at C$2.54, with a volume of 314,016 shares traded. The stock had previously closed at C$2.59.

Wall Street Analysts Forecast Growth

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

Western Copper and Gold Stock Performance

The firm’s 50-day moving average price is C$3.20 and its 200 day moving average price is C$3.40. 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 company has a market cap of C$572.22 million, a price-to-earnings ratio of 253.00 and a beta of 2.21.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last posted its quarterly earnings results on Friday, August 7th. The company reported C($0.01) earnings per share for the quarter. On average, sell-side analysts anticipate that Western Copper and Gold Co. will post -0.01 EPS 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.