TSE:WRN FY2024 EPS Estimate Reduced by HC Wainwright

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

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

Western Copper and Gold Price Performance

TSE:WRN opened at C$1.48 on Monday. The company has a quick ratio of 5.52, a current ratio of 28.49 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is C$1.58 and its 200 day moving average price is C$1.59. Western Copper and Gold has a 52-week low of C$1.27 and a 52-week high of C$2.27. The firm has a market cap of C$293.37 million, a P/E ratio of -37.00 and a beta of 2.04.

Insiders Place Their Bets

In other news, Senior Officer Paul George West-Sells sold 100,000 shares of the firm’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. Company insiders own 16.29% of the company’s stock.

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, 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.