Western Copper & Gold Corp (NYSE:WRN) Receives Average Rating of “Buy” from Analysts

Western Copper & Gold Corp (NYSE:WRN) has received an average recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.25.

A number of equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $4.25 target price on shares of Western Copper & Gold in a report on Tuesday, February 18th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating on the stock. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, February 4th. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating on the stock. Finally, BMO Capital Markets started coverage on shares of Western Copper & Gold in a report on Thursday, January 23rd. They issued an “outperform” rating for the company.

Institutional Trading of Western Copper & Gold

A number of institutional investors have recently bought and sold shares of WRN. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold during the 4th quarter worth $45,000. Advisory Alpha LLC acquired a new position in Western Copper & Gold during the fourth quarter worth about $48,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the fourth quarter worth about $64,000. Millstone Evans Group LLC purchased a new stake in shares of Western Copper & Gold in the fourth quarter valued at about $303,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at approximately $316,000. 21.96% of the stock is currently owned by hedge funds and other institutional investors.

Western Copper & Gold Stock Up 1.9 %

WRN opened at $1.07 on Monday. The firm has a market cap of $212.28 million, a price-to-earnings ratio of -53.50 and a beta of 1.81. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66. The business’s 50 day moving average is $1.06 and its two-hundred day moving average is $1.12.

Western Copper & Gold Company Profile

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.