Zacks: Western Copper and Gold Corporation (NASDAQ:WRN) Given $1.56 Average Target Price by Brokerages

Western Copper and Gold Corporation (NASDAQ:WRN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $1.56 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Western Copper and Gold an industry rank of 73 out of 256 based on the ratings given to its competitors.

Shares of NASDAQ WRN traded down $0.03 during mid-day trading on Thursday, reaching $0.64. The company had a trading volume of 161,303 shares, compared to its average volume of 80,631. The stock has a 50 day simple moving average of $0.62. Western Copper and Gold has a 52-week low of $0.35 and a 52-week high of $0.85.

Western Copper and Gold (NASDAQ:WRN) last released its earnings results on Friday, April 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01).

Western Copper and Gold Company Profile

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, silver, copper, and molybdenum deposits. It focuses on advancing Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corporation and changed its name to Western Copper and Gold Corporation in October 2011.

Further Reading: Oversold

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