Western Copper and Gold (TSE:WRN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

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$1.56 and traded as high as C$1.64. Western Copper and Gold shares last traded at C$1.62, with a volume of 23,483 shares changing hands.

Analysts Set New Price Targets

WRN has been the subject of a number of recent research reports. Cormark upgraded Western Copper and Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets set a C$3.00 price target on Western Copper and Gold and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group upgraded shares of Western Copper and Gold to a “moderate buy” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Western Copper and Gold currently has an average rating of “Buy” and a consensus price target of C$3.69.

Western Copper and Gold Stock Down 4.1 %

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’s 50-day simple moving average is C$1.51 and its two-hundred day simple moving average is C$1.56. The stock has a market cap of C$316.09 million, a price-to-earnings ratio of -53.93 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.