Western Copper and Gold (TSE:WRN) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Western Copper and Gold (TSE:WRN - Free Report) NYSE: WRN to a moderate buy rating in a research note released on Tuesday morning,Zacks.com reports. Cormark also issued estimates for Western Copper and Gold's FY2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.03) EPS.

Several other research firms have also commented on WRN. BMO Capital Markets set a C$3.00 price target on shares of Western Copper and Gold and gave the company an "outperform" rating in a report on Thursday, January 30th. Canaccord Genuity Group raised shares of Western Copper and Gold to a "moderate buy" rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$3.69.

Western Copper and Gold Stock Performance

Shares of TSE WRN traded up C$0.04 during mid-day trading on Tuesday, hitting C$1.51. The stock had a trading volume of 119,515 shares, compared to its average volume of 74,331. 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 company has a 50 day moving average of C$1.51 and a two-hundred day moving average of C$1.56. Western Copper and Gold has a twelve month low of C$1.27 and a twelve month high of C$2.27. The firm has a market cap of C$294.63 million, a PE ratio of -50.27 and a beta of 2.04.

Insider Buying and Selling at Western Copper and Gold

In other news, Senior Officer Paul George West-Sells sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$1.54, for a total transaction of C$153,600.00. 16.29% of the stock is owned by insiders.

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.