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

Shares of Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) 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.

Wall Street Analyst Weigh In

WRN has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded Western Copper and Gold to a “moderate buy” rating in a research report on Monday, December 9th. Cormark raised shares of Western Copper and Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. Finally, 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 report on Thursday, January 30th. 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 an average price target of C$3.69.

Western Copper and Gold Price Performance

The stock has a fifty day simple moving average of C$1.51 and a 200-day simple moving average of C$1.56. The company has a market capitalization of C$316.09 million, a PE ratio of -53.93 and a beta of 2.04. The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02.

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.