Western Copper & Gold Corp (NYSE:WRN) Receives $4.25 Average Price Target from Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned a consensus recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Four research 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 brokerages that have issued ratings on the stock in the last year is $4.25.

A number of equities analysts have recently weighed in on WRN shares. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a report on Tuesday, February 4th. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. Cormark raised Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research report on Tuesday, February 18th.

Western Copper & Gold Stock Performance

NYSE WRN opened at $1.04 on Friday. The business has a fifty day moving average price of $1.05 and a 200 day moving average price of $1.11. The company has a market cap of $205.38 million, a P/E ratio of -51.75 and a beta of 1.77. Western Copper & Gold has a one year low of $0.98 and a one year high of $1.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Western Copper & Gold during the fourth quarter worth $45,000. Advisory Alpha LLC purchased a new stake in Western Copper & Gold during the fourth quarter worth $48,000. Virtu Financial LLC purchased a new stake in Western Copper & Gold during the fourth quarter worth $64,000. Russell Investments Group Ltd. boosted its position in Western Copper & Gold by 12.4% during the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock worth $634,000 after purchasing an additional 66,551 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Western Copper & Gold during the fourth quarter worth $303,000. 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.