Western Copper and Gold (TSE:WRN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Western Copper and Gold (TSE:WRN) (NYSE:WRN) had its price objective raised by National Bank Financial from C$7.50 to C$8.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 157.23% from the company’s previous close.

Western Copper and Gold Stock Performance

TSE:WRN traded up C$0.08 during mid-day trading on Tuesday, reaching C$3.11. The company’s stock had a trading volume of 222,849 shares, compared to its average volume of 537,138. Western Copper and Gold has a 12-month low of C$1.64 and a 12-month high of C$5.74. The firm’s fifty day moving average price is C$3.59 and its two-hundred day moving average price is C$3.93. The company has a current ratio of 45.19, a quick ratio of 5.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of C$701.72 million, a P/E ratio of 311.00 and a beta of 2.04.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.01 earnings per share (EPS) for the quarter. On average, equities analysts forecast that Western Copper and Gold will post -0.01 EPS for the current fiscal 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.