Western Copper and Gold (NYSEAMERICAN:WRN) Receives Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research note released on Wednesday, Benzinga reports. The brokerage currently has a $4.25 price target on the stock.

Separately, Eight Capital upgraded Western Copper and Gold to a strong-buy rating in a report on Tuesday, June 11th.

Western Copper and Gold Trading Down 0.9 %

WRN stock opened at $1.15 on Wednesday. Western Copper and Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.74. The company has a market cap of $227.14 million, a price-to-earnings ratio of -38.33 and a beta of 1.94.

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

Institutional Trading of Western Copper and Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sweeney & Michel LLC purchased a new stake in shares of Western Copper and Gold in the 1st quarter worth approximately $118,000. Herr Investment Group LLC purchased a new stake in shares of Western Copper and Gold in the 1st quarter worth approximately $2,552,000. Platte River Wealth Advisors LLC bought a new position in Western Copper and Gold in the 1st quarter valued at approximately $843,000. Carderock Capital Management Inc. bought a new position in Western Copper and Gold in the 1st quarter valued at approximately $44,000. Finally, National Bank of Canada FI lifted its position in Western Copper and Gold by 750.0% in the 4th quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock valued at $45,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper and Gold

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.