Western Copper and Gold (NYSEAMERICAN:WRN) Announces Earnings Results, Hits Expectations

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) announced its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01), Zacks reports.

Western Copper and Gold Stock Down 3.2%

Western Copper and Gold stock traded down $0.05 during trading hours on Friday, reaching $1.49. 1,387,902 shares of the company’s stock were exchanged, compared to its average volume of 1,064,881. The firm’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.55. Western Copper and Gold has a twelve month low of $1.48 and a twelve month high of $4.26. The firm has a market capitalization of $337.16 million, a PE ratio of -49.67 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WRN. HC Wainwright reaffirmed a “buy” rating and issued a $5.75 price objective on shares of Western Copper and Gold in a research note on Friday, September 4th. UBS Group reissued a “buy” rating and set a $5.25 target price on shares of Western Copper and Gold in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $5.50.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canadian mineral exploration and development company focused on advancing the Casino Project in Yukon, Canada. The company is not a producing mining company; its primary activities include exploration, technical studies, permitting and project development.

The Casino Project is a large porphyry deposit containing copper, gold, molybdenum and silver. Located in west-central Yukon, the project is intended to be developed as a large-scale open-pit mining and processing operation, subject to regulatory approvals, financing and construction decisions.