Canaccord Genuity Group Initiates Coverage on Western Copper & Gold (NYSE:WRN)

Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold (NYSE:WRN) in a research note released on Monday morning,Briefing.com Automated Import reports. The firm issued a speculative buy rating on the stock.

WRN has been the topic of several other reports. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. HC Wainwright reiterated a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a research report on Tuesday, September 17th. Finally, National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Performance

Shares of NYSE:WRN opened at $1.11 on Monday. The company has a market cap of $219.05 million, a P/E ratio of -55.25 and a beta of 1.84. The firm has a 50-day moving average price of $1.16. Western Copper & Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.66.

Hedge Funds Weigh In On Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new position in Western Copper & Gold Corp (NYSE:WRN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned about 0.35% of Western Copper & Gold at the end of the most recent reporting period. Institutional investors own 21.96% of the company’s stock.

About Western Copper & 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.