Western Copper and Gold (TSE:WRN) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Western Copper and Gold (TSE:WRN) (NYSE:WRN) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. National Bank Financial raised Western Copper and Gold to a “strong-buy” rating in a report on Monday, September 30th. National Bankshares set a C$3.50 price objective on Western Copper and Gold and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Canaccord Genuity Group upgraded Western Copper and Gold to a “moderate buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$3.92.

Western Copper and Gold Stock Performance

Shares of WRN opened at C$1.46 on Thursday. Western Copper and Gold has a 1 year low of C$1.27 and a 1 year high of C$2.27. The stock has a market capitalization of C$289.40 million, a P/E ratio of -36.50 and a beta of 2.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.52 and a current ratio of 28.49. The company’s fifty day moving average is C$1.54 and its two-hundred day moving average is C$1.57.

Insider Transactions at Western Copper and Gold

In related news, Senior Officer Paul George West-Sells sold 100,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$1.54, for a total value of C$153,600.00. Corporate insiders own 16.29% of the company’s stock.

About Western Copper and Gold

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada’s premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.