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Western Copper and Gold (NYSEAMERICAN:WRN) Shares Pass Above Fifty Day Moving Average - Here's Why

Western Copper and Gold logo with Basic Materials background

Western Copper and Gold Co. (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $1.22. Western Copper and Gold shares last traded at $1.17, with a volume of 419,957 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on WRN shares. HC Wainwright reiterated a "buy" rating and issued a $4.25 price target on shares of Western Copper and Gold in a report on Wednesday, June 26th. StockNews.com upgraded Western Copper and Gold to a "sell" rating in a research note on Friday, July 26th.

Get Our Latest Stock Report on WRN

Western Copper and Gold Stock Performance

The stock has a market capitalization of $231.88 million, a P/E ratio of -39.00 and a beta of 1.85.

Western Copper and Gold (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter. Research analysts anticipate that Western Copper and Gold Co. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Western Copper and Gold

A hedge fund recently bought a new stake in Western Copper and Gold stock. Sweeney & Michel LLC purchased a new position in Western Copper and Gold Co. (NYSEAMERICAN:WRN - Free Report) TSE: WRN in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 78,194 shares of the company's stock, valued at approximately $118,000. Institutional investors own 21.96% of the company's stock.

About Western Copper and Gold

(Get Free Report)

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.

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