HC Wainwright Increases Western Copper and Gold (NYSEAMERICAN:WRN) Price Target to $4.25

Western Copper and Gold (NYSEAMERICAN:WRNGet Free Report) (TSE:WRN) had its price target boosted by analysts at HC Wainwright from $3.75 to $4.25 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 201.42% from the company’s previous close. HC Wainwright also issued estimates for Western Copper and Gold’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.02) EPS.

Western Copper and Gold Price Performance

Western Copper and Gold stock opened at $1.41 on Wednesday. Western Copper and Gold has a 52-week low of $0.95 and a 52-week high of $1.74. The company has a market cap of $276.52 million, a price-to-earnings ratio of -47.00 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRNGet Free Report) (TSE:WRN) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter. Analysts forecast that Western Copper and Gold will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Western Copper and Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Herr Investment Group LLC purchased a new position in shares of Western Copper and Gold in the first quarter worth about $2,552,000. Gamco Investors INC. ET AL boosted its stake in Western Copper and Gold by 5.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 642,070 shares of the company’s stock worth $876,000 after purchasing an additional 35,400 shares during the period. Platte River Wealth Advisors LLC purchased a new position in Western Copper and Gold during the 1st quarter valued at about $843,000. Sweeney & Michel LLC bought a new stake in shares of Western Copper and Gold during the first quarter valued at about $118,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Copper and Gold by 379.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after buying an additional 41,753 shares in the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper and Gold

(Get Free Report)

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.

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