Western Copper & Gold’s (WRN) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a research note published on Friday,Benzinga reports. They currently have a $4.25 price target on the stock.

Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Wednesday, March 26th. BMO Capital Markets started coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They set an “outperform” rating on the stock. Finally, Cormark raised shares of Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Western Copper & Gold has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Price Performance

Shares of WRN opened at $1.08 on Friday. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.66. The stock has a market cap of $216 million, a PE ratio of -54.00 and a beta of 1.62. The stock’s 50-day moving average is $1.06 and its two-hundred day moving average is $1.10.

Hedge Funds Weigh In On Western Copper & Gold

Several institutional investors have recently made changes to their positions in the stock. Advisory Alpha LLC acquired a new stake in Western Copper & Gold in the fourth quarter worth $48,000. Euro Pacific Asset Management LLC raised its holdings in shares of Western Copper & Gold by 57.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock valued at $1,149,000 after buying an additional 398,974 shares during the last quarter. Raymond James Financial Inc. bought a new position in Western Copper & Gold in the 4th quarter worth approximately $45,000. Millstone Evans Group LLC bought a new stake in Western Copper & Gold during the 4th quarter valued at $303,000. Finally, Virtu Financial LLC acquired a new position in Western Copper & Gold during the 4th quarter worth $64,000. 21.96% of the stock is owned by institutional investors.

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.