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Western Copper
(TSX:WRN)
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Rating:45Neutral
Price Target:
C$2.50
▼(-30.75% Downside)
Action:Reiterated
Date:10/24/26
The score is held down primarily by weak fundamentals (no revenue, ongoing losses, and negative operating/free cash flow) and bearish technicals (price below all key moving averages with negative MACD). The main offsetting support is the strong balance sheet with minimal leverage, which reduces financial risk despite continued cash burn.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a large equity base reduce solvency pressure and give Western Copper more financial flexibility while it advances its development strategy. This cushion can help absorb ongoing losses and preserve options for funding technical work without relying primarily on debt.
Negative Factors
No Operating Revenue
Zero reported revenue across annual periods and TTM shows the company has not yet reached an operating or producing stage. Until the Casino Project generates commercial inflows, growth depends on development progress and access to external funding rather than internally financed expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a large equity base reduce solvency pressure and give Western Copper more financial flexibility while it advances its development strategy. This cushion can help absorb ongoing losses and preserve options for funding technical work without relying primarily on debt.
Read all positive factors
Western Copper (WRN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$499.85M
Dividend YieldN/A
Average Volume (3M)354.94K
Price to Earnings (P/E)―
Beta (1Y)2.34
Revenue GrowthN/A
EPS Growth-60.67%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding226,175,430
10 Day Avg. Volume333,533
30 Day Avg. Volume354,939
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$8.05Price Target Upside123.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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...
Western Copper Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
23
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 | -178.65K | -97.56K | -157.06K | -206.90K | -167.89K | -103.26K |
| EBITDA | -8.72M | -7.37M | -6.76M | -3.13M | -4.76M | -4.02M |
| Net Income | -6.07M | -3.12M | -6.92M | -3.34M | -5.06M | -3.14M |
Balance Sheet | ||||||
| Total Assets | 284.92M | 195.89M | 192.79M | 143.92M | 114.38M | 115.49M |
| Cash, Cash Equivalents and Short-Term Investments | 128.65M | 50.54M | 69.05M | 32.07M | 23.12M | 47.87M |
| Total Debt | 747.24K | 236.99K | 60.64K | 197.81K | 417.98K | 433.32K |
| Total Liabilities | 5.22M | 2.67M | 3.18M | 4.47M | 4.64M | 3.42M |
| Stockholders Equity | 279.69M | 193.22M | 189.61M | 139.44M | 109.74M | 112.07M |
Cash Flow | ||||||
| Free Cash Flow | -13.58M | -3.42M | -18.55M | -22.44M | -24.27M | -15.27M |
| Operating Cash Flow | -2.42M | -3.37M | -4.73M | -2.54M | -3.34M | -3.87M |
| Investing Cash Flow | -47.49M | 7.58M | -61.32M | -3.90M | -25.93M | -27.40M |
| Financing Cash Flow | 90.15M | 3.84M | 54.29M | 31.07M | -75.90K | 33.31M |
Western Copper Technical Analysis
Negative
3.61
Price Trends
3.10
Negative
3.14
Negative
3.62
Negative
Market Momentum
-0.21
Positive
28.97
Positive
39.18
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 3.61 is above the 20-day moving average (MA) of 2.69, above the 50-day MA of 3.10, and below the 200-day MA of 3.62, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 28.97 is Positive, neither overbought nor oversold. The STOCH value of 39.18 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$613.82M | -51.00 | -7.25% | ― | ― | -41.92% | |
51 Neutral | C$813.66M | -23.44 | -43.89% | ― | ― | 8.75% | |
45 Neutral | C$499.85M | -77.27 | -2.57% | ― | ― | -60.67% | |
43 Neutral | C$549.52M | -7.60 | -40.05% | ― | ― | -404.05% | |
42 Neutral | C$933.08M | -34.96 | -27.24% | ― | ― | -97.05% | |
41 Neutral | C$311.09M | -4.73 | -67.67% | ― | ― | -138.33% |
* Basic Materials Sector Average
TSE:WRN
Western Copper
2.21
-0.73
-24.83%
TSE:TMQ
Trilogy Metals
3.03
-3.20
-51.36%
TSE:MNO
Meridian Mining SE
1.67
0.38
29.46%
TSE:NCX
NorthIsle Copper and Gold
2.80
0.92
48.94%
TSE:UCU
Ucore Rare Metals
2.04
-6.01
-74.66%
TSE:ALDE
Aldebaran Resources Inc
3.31
-0.49
-12.89%
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.