Western Copper & Gold (NYSE:WRN) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Western Copper & Gold (NYSE:WRN) to a sell rating in a research note published on Wednesday.

Other analysts also recently issued research reports about the company. HC Wainwright restated a “buy” rating and issued a $4.25 target price on shares of Western Copper & Gold in a research report on Tuesday, February 18th. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating for the company. Cormark raised shares of Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets began coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Stock Down 5.0 %

WRN opened at $1.15 on Wednesday. The business’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $1.11. Western Copper & Gold has a 52 week low of $0.98 and a 52 week high of $1.66. The stock has a market cap of $228.19 million, a PE ratio of -57.50 and a beta of 1.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Alpha LLC purchased a new stake in Western Copper & Gold during the 4th quarter valued at $48,000. Euro Pacific Asset Management LLC raised its stake 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 acquiring an additional 398,974 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Western Copper & Gold during the fourth quarter valued at about $45,000. Millstone Evans Group LLC purchased a new stake in shares of Western Copper & Gold during the fourth quarter worth about $303,000. Finally, Virtu Financial LLC bought a new stake in shares of Western Copper & Gold in the fourth quarter worth about $64,000. Institutional investors own 21.96% of the company’s stock.

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.