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

Western Copper & Gold Corp (NYSE:WRN) has been assigned a consensus rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.25.

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research note on Wednesday, March 26th. HC Wainwright reissued a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a report on Friday. BMO Capital Markets assumed coverage on Western Copper & Gold in a report on Thursday, January 23rd. They set an “outperform” rating for the company. Finally, Cormark upgraded shares of Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th.

Western Copper & Gold Stock Up 6.9 %

Shares of WRN opened at $1.08 on Tuesday. Western Copper & Gold has a twelve month low of $0.90 and a twelve month high of $1.66. The company has a 50 day moving average of $1.06 and a two-hundred day moving average of $1.10. The company has a market cap of $216 million, a price-to-earnings ratio of -54.00 and a beta of 1.62.

Institutional Trading of Western Copper & Gold

Hedge funds have recently made changes to their positions in the business. Sweeney & Michel LLC purchased a new stake in shares of Western Copper & Gold in the 1st quarter valued at approximately $87,000. Tidal Investments LLC acquired a new position in Western Copper & Gold in the fourth quarter valued at $2,607,000. Lido Advisors LLC acquired a new stake in shares of Western Copper & Gold during the fourth quarter worth about $578,000. Dauntless Investment Group LLC purchased a new stake in shares of Western Copper & Gold in the 4th quarter valued at about $316,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Copper & Gold in the 4th quarter valued at about $45,000. Institutional investors and hedge funds 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.