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Western Copper
(TSX:WRN)
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Rating:45Neutral
Price Target:
C$3.00
▼(-23.86% Downside)
Action:Reiterated
Date:07/17/26
The score is primarily held down by weak financial fundamentals (pre-revenue, persistent losses, and materially worse TTM free cash flow), alongside bearish technical positioning (price below key moving averages and negative MACD). Valuation provides limited offset because the negative P/E reflects ongoing unprofitability and there is no dividend yield support.
Positive Factors
Low leverage / strong balance sheet
Extremely low reported debt and a large equity base materially reduce near-term solvency and interest burden risk. For a development-stage miner this preserves flexibility to pursue permitting and engineering without covenant constraints, improving optionality to structure project financing or partner deals over the next several quarters.
Negative Factors
Pre-revenue, persistent losses
Being pre-revenue with recurring net losses means the company cannot internally fund project advancement; this structural lack of operating income increases dependence on external capital. Persistent losses also heighten dilution risk and can delay permitting and construction timelines if financing becomes constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low reported debt and a large equity base materially reduce near-term solvency and interest burden risk. For a development-stage miner this preserves flexibility to pursue permitting and engineering without covenant constraints, improving optionality to structure project financing or partner deals over the next several quarters.
Read all positive factors
Western Copper (WRN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$670.74M
Dividend YieldN/A
Average Volume (3M)208.44K
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue GrowthN/A
EPS Growth20.78%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding225,838,650
10 Day Avg. Volume217,998
30 Day Avg. Volume208,439
Financial Highlights & Ratios
PEG Ratio4.08
Price to Book (P/B)3.81
Price to Sales (P/S)0.00
P/FCF Ratio-215.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$9.04Price Target Upside129.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Western Copper Business Overview & Revenue Model
Company Description
Western Copper and Gold Corporation is a Canadian company operating in the exploration stage, dedicated to the discovery and advancement of mineral properties. Its primary focus involves identifying deposits rich in gold, copper, silver, and molyb...
How the Company Makes Money
Western Copper and Gold does not operate a producing mine and, as a result, it does not generate recurring revenue from the sale of copper, gold, or other metals at this stage. Its economic model is centered on increasing the value of the Casino P...
Western Copper Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -113.31K | -97.56K | -157.06K | -206.90K | -167.89K | -103.26K |
| EBITDA | -8.20M | -7.37M | -6.76M | -3.13M | -4.76M | -4.02M |
| Net Income | -5.02M | -3.12M | -6.92M | -3.34M | -5.06M | -3.14M |
Balance Sheet | ||||||
| Total Assets | 282.87M | 195.89M | 192.79M | 143.92M | 114.38M | 115.49M |
| Cash, Cash Equivalents and Short-Term Investments | 134.37M | 50.54M | 69.05M | 32.07M | 23.12M | 47.87M |
| Total Debt | 132.49K | 236.99K | 60.64K | 197.81K | 417.98K | 433.32K |
| Total Liabilities | 3.00M | 2.67M | 3.18M | 4.47M | 4.64M | 3.42M |
| Stockholders Equity | 279.86M | 193.22M | 189.61M | 139.44M | 109.74M | 112.07M |
Cash Flow | ||||||
| Free Cash Flow | -13.16M | -3.42M | -18.55M | -22.44M | -24.27M | -15.27M |
| Operating Cash Flow | -2.33M | -3.37M | -4.73M | -2.54M | -3.34M | -3.87M |
| Investing Cash Flow | -62.42M | 7.58M | -61.32M | -3.90M | -25.93M | -27.40M |
| Financing Cash Flow | 90.64M | 3.84M | 54.29M | 31.07M | -75.90K | 33.31M |
Western Copper Technical Analysis
Negative
3.94
Price Trends
3.53
Negative
3.67
Negative
3.69
Negative
Market Momentum
-0.14
Negative
38.76
Neutral
29.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WRN, the sentiment is Negative. The current price of 3.94 is above the 20-day moving average (MA) of 3.12, above the 50-day MA of 3.53, and above the 200-day MA of 3.69, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 38.76 is Neutral, neither overbought nor oversold. The STOCH value of 29.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WRN.
Western Copper Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$485.59M | -38.59 | -7.84% | ― | ― | -5566.67% | |
50 Neutral | C$1.00B | -47.11 | -30.68% | ― | ― | -65.04% | |
46 Neutral | C$491.37M | -10.20 | -65.12% | ― | ― | -87.05% | |
45 Neutral | C$670.74M | -122.22 | -2.34% | ― | ― | 20.78% | |
45 Neutral | C$718.62M | -9.87 | -36.23% | ― | ― | -431.79% | |
41 Neutral | C$716.07M | -23.44 | -43.89% | ― | ― | 17.63% |
* Basic Materials Sector Average
TSE:WRN
Western Copper
2.97
1.19
66.85%
TSE:TMQ
Trilogy Metals
4.16
1.62
63.78%
TSE:MNO
Meridian Mining SE
1.47
0.72
96.00%
TSE:NCX
NorthIsle Copper and Gold
3.02
1.87
162.61%
TSE:UCU
Ucore Rare Metals
4.22
2.36
126.88%
TSE:ALDE
Aldebaran Resources Inc
2.62
0.33
14.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.