Western Copper and Gold (TSE:WRN) Reaches New 12-Month Low – Should You Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) reached a new 52-week low on Monday. The company traded as low as C$2.34 and last traded at C$2.37, with a volume of 82,257 shares changing hands. The stock had previously closed at C$2.38.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their price objective on Western Copper and Gold from C$7.50 to C$8.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Western Copper and Gold has a consensus rating of “Buy” and a consensus target price of C$6.75.

Western Copper and Gold Stock Up 1.7%

The firm has a market capitalization of C$547.34 million, a price-to-earnings ratio of 242.00 and a beta of 2.21. The firm has a fifty day moving average price of C$3.16 and a 200 day moving average price of C$3.39. The company has a current ratio of 31.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.27.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last released its quarterly earnings results on Friday, August 7th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts anticipate that Western Copper and Gold Co. will post -0.01 EPS for the current fiscal year.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.