Western Copper and Gold (NYSEAMERICAN:WRN) Stock Passes Above 50-Day Moving Average – What’s Next?

Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $1.23. Western Copper and Gold shares last traded at $1.21, with a volume of 39,187 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WRN shares. StockNews.com raised shares of Western Copper and Gold to a “sell” rating in a report on Friday, July 26th. Eight Capital upgraded shares of Western Copper and Gold to a “strong-buy” rating in a research report on Tuesday, June 11th. Finally, HC Wainwright restated a “buy” rating and issued a $4.25 target price on shares of Western Copper and Gold in a research report on Wednesday, June 26th.

Western Copper and Gold Stock Performance

The company has a market capitalization of $241.79 million, a PE ratio of -40.67 and a beta of 1.85.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, research analysts predict that Western Copper and Gold Co. will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Copper and Gold stock. Sweeney & Michel LLC bought a new position in Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 78,194 shares of the company’s stock, valued at approximately $118,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper and Gold

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.