Western Copper & Gold (NYSE:WRN) Rating Increased to Sell at StockNews.com

Western Copper & Gold (NYSE:WRN) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group began coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a report on Wednesday, December 18th. Finally, BMO Capital Markets assumed coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Stock Performance

NYSE WRN opened at $1.01 on Tuesday. The firm has a market cap of $200.37 million, a P/E ratio of -50.50 and a beta of 1.83. The firm has a 50-day moving average price of $1.06. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new stake in Western Copper & Gold Corp (NYSE:WRN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned about 0.35% of Western Copper & Gold at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.96% of the company’s stock.

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.