Western Copper and Gold (NYSEAMERICAN:WRN) Shares Pass 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 Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $1.14. Western Copper and Gold shares last traded at $1.08, with a volume of 258,834 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Western Copper and Gold to a “sell” rating in a report on Friday, July 26th.

Western Copper and Gold Price Performance

The company has a market capitalization of $213.05 million, a PE ratio of -35.83 and a beta of 1.85.

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

Hedge Funds Weigh In On Western Copper and Gold

A hedge fund recently bought a new stake in Western Copper and Gold stock. Herr Investment Group LLC bought a new stake in Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,667,816 shares of the company’s stock, valued at approximately $2,552,000. Western Copper and Gold comprises approximately 0.7% of Herr Investment Group LLC’s holdings, making the stock its 28th largest holding. Herr Investment Group LLC owned 0.86% of Western Copper and Gold at the end of the most recent reporting period. 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.