Western Copper and Gold (TSE:WRN) Hits New 12-Month Low – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) shares reached a new 52-week low on Tuesday. The company traded as low as C$2.17 and last traded at C$2.19, with a volume of 335,825 shares traded. The stock had previously closed at C$2.20.

Wall Street Analyst Weigh In

Separately, National Bank Financial lifted their target price on Western Copper and Gold from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, 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’s 50-day moving average price is C$3.04 and its two-hundred day moving average price is C$3.59. The company has a market capitalization of C$502.11 million, a price-to-earnings ratio of 222.00 and a beta of 2.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 31.48 and a quick ratio of 5.52.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last issued its quarterly earnings results on Friday, August 7th. The company reported C($0.01) EPS for the quarter. On average, equities research analysts anticipate that Western Copper and Gold Co. will post -0.01 EPS for the current fiscal year.

Western Copper and Gold Company Profile

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.