What is HC Wainwright’s Forecast for WRN FY2024 Earnings?

Western Copper & Gold Corp (NYSE:WRN) – Stock analysts at HC Wainwright decreased their FY2024 earnings estimates for Western Copper & Gold in a research report issued to clients and investors on Wednesday, December 18th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.03) per share for the year, down from their prior estimate of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.25 target price on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

WRN has been the topic of several other research reports. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating on the stock. National Bank Financial raised shares of Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating on the stock. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Western Copper & Gold has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Up 3.0 %

Shares of WRN opened at $1.04 on Monday. The firm’s 50-day moving average price is $1.13. The company has a market capitalization of $206.16 million, a price-to-earnings ratio of -52.00 and a beta of 1.84. Western Copper & Gold has a 12-month low of $0.95 and a 12-month high of $1.66.

Institutional Trading of Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC bought a new stake in Western Copper & Gold Corp (NYSE:WRN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 as of its most recent filing with the SEC. 21.96% of the stock is owned by hedge funds and other institutional investors.

Western Copper & Gold Company Profile

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.