Canaccord Genuity Group Begins Coverage on Western Copper & Gold (NYSE:WRN)

Equities researchers at Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold (NYSE:WRN) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “speculative buy” rating on the stock.

Several other analysts have also recently issued reports on the company. HC Wainwright restated a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a research note on Tuesday, September 17th. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. Finally, StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Trading Up 1.8 %

Shares of NYSE WRN opened at $1.13 on Monday. Western Copper & Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.66. The company’s 50 day simple moving average is $1.16. The firm has a market cap of $224.00 million, a price-to-earnings ratio of -56.50 and a beta of 1.84.

Institutional Trading of Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC purchased a new position in Western Copper & Gold Corp (NYSE:WRN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned approximately 0.35% of Western Copper & Gold at the end of the most recent reporting period. Institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

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.