Western Copper and Gold (TSE:WRN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WRN shares. Cormark raised Western Copper and Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets set a C$3.00 target price on Western Copper and Gold and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$3.69.

Western Copper and Gold Price Performance

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

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.