Western Copper and Gold (WRN) Stock

Western Copper and Gold Corporation (WRN) is rated a "Buy" despite a -19.29% return, due to strong long-term prospects and strategic importance of future Yukon production of copper and gold. The Casino project in the Yukon promises low-cost production of several metals, including copper and gold, over many decades, supported by optimistic forecasts for metals prices, and favourable Fed actions. The project's viability is enhanced by significant mineral reserves, strategic location and potential cost savings in transportation, metal ore processing and energy procurement. These are also risk reduction factors.

Western Copper's stock quote could rise from spiking copper prices soon, increasing company value potentially on the magnitude of 5x or 10x over a 5-year period. Without a recession, global copper supply is projected to face shortages during 2024-25, with few new mines being developed to offset depleting production. A price breakout above US$4 per pound into August could be the first warning sign of a serious copper market imbalance, possibly kicking off a multi-year run higher.

(Kitco News) - The last three years have been pivotal for Western Copper and Gold, noted president and CEO Paul West-Sells.