Western Copper and Gold (NYSEAMERICAN:WRN) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN)’s stock price crossed 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.

Wall Street Analyst Weigh In

A number of brokerages have commented on WRN. HC Wainwright reissued a “buy” rating and set a $4.25 target price on shares of Western Copper and Gold in a report on Wednesday, June 26th. StockNews.com raised Western Copper and Gold to a “sell” rating in a research note on Friday, July 26th.

Western Copper and Gold Stock Performance

The stock has a market capitalization of $231.88 million, a price-to-earnings ratio of -39.00 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. As a group, research analysts forecast that Western Copper and Gold Co. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Copper and Gold stock. Sweeney & Michel LLC acquired a new position in Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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.