Western Copper & Gold Corp (NYSE:WRN) Receives $4.25 Consensus Price Target from Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN) have received an average recommendation of “Buy” from the five ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.25.

A number of equities analysts recently weighed in on the company. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com raised Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. BMO Capital Markets assumed coverage on Western Copper & Gold in a research note on Thursday. They set an “outperform” rating on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.25 target price on shares of Western Copper & Gold in a research note on Wednesday, December 18th.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Advisory Alpha LLC bought a new position in Western Copper & Gold Corp (NYSE:WRN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,991 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

Western Copper & Gold Price Performance

Shares of WRN opened at $1.01 on Thursday. The business has a 50-day moving average of $1.07. The stock has a market cap of $200.37 million, a PE ratio of -50.50 and a beta of 1.83. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66.

About Western Copper & Gold

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.