BMO Capital Markets Initiates Coverage on Western Copper & Gold (NYSE:WRN)

BMO Capital Markets initiated coverage on shares of Western Copper & Gold (NYSE:WRN) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.

A number of other brokerages have also commented on WRN. StockNews.com raised Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. 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. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. HC Wainwright reiterated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a report on Wednesday, December 18th. Finally, National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Performance

NYSE WRN opened at $1.01 on Thursday. The firm has a market cap of $200.37 million, a P/E ratio of -50.50 and a beta of 1.83. Western Copper & Gold has a twelve month low of $0.95 and a twelve month high of $1.66. The firm’s fifty day moving average price is $1.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new position in shares of Western Copper & Gold Corp (NYSE:WRN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned 0.35% of Western Copper & Gold as of its most recent SEC filing. Institutional investors and hedge funds own 21.96% of the company’s stock.

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.