HC Wainwright Has Weak Estimate for TSE:WRN FY2024 Earnings

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN) – Investment analysts at HC Wainwright decreased their FY2024 earnings per share estimates for shares of Western Copper and Gold in a research note issued to investors on Wednesday, December 18th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.04) per share for the year, down from their previous estimate of ($0.03). The consensus estimate for Western Copper and Gold’s current full-year earnings is ($0.01) per share.

A number of other analysts also recently issued reports on the stock. National Bankshares set a C$3.50 price target on shares of Western Copper and Gold and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Canaccord Genuity Group raised Western Copper and Gold to a “moderate buy” rating in a research note on Monday, December 9th. Finally, National Bank Financial raised Western Copper and Gold to a “strong-buy” rating in a research note on Monday, September 30th.

Western Copper and Gold Price Performance

WRN stock opened at C$1.46 on Monday. Western Copper and Gold has a 1 year low of C$1.27 and a 1 year high of C$2.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 28.49 and a quick ratio of 5.52. The firm has a market capitalization of C$289.40 million, a PE ratio of -36.50 and a beta of 2.04. The business has a 50 day simple moving average of C$1.58 and a 200-day simple moving average of C$1.59.

Insiders Place Their Bets

In related news, Senior Officer Paul George West-Sells sold 100,000 shares of Western Copper and Gold stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$1.54, for a total transaction of C$153,600.00. 16.29% of the stock is owned by company insiders.

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.