Western Copper & Gold (NYSE:WRN) Earns “Buy” Rating from HC Wainwright

Western Copper & Gold (NYSE:WRN)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $4.25 price objective on the stock. HC Wainwright’s price target points to a potential upside of 320.79% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research note on Monday, September 30th. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating on the stock. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Stock Performance

Shares of Western Copper & Gold stock opened at $1.01 on Wednesday. The firm has a 50-day moving average of $1.13. Western Copper & Gold has a 12-month low of $0.95 and a 12-month high of $1.66. The stock has a market capitalization of $200.22 million, a PE ratio of -50.50 and a beta of 1.84.

Institutional Trading of Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC purchased a new position in shares of Western Copper & Gold Corp (NYSE:WRN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned approximately 0.35% of Western Copper & Gold at the end of the most recent reporting period. 21.96% of the stock is currently owned by institutional investors.

Western Copper & Gold Company Profile

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.