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

Analysts at Canaccord Genuity Group began coverage on shares of Western Copper & Gold (NYSE:WRN) in a research note issued to investors on Monday. The firm set a “speculative buy” rating on the stock.

Other research analysts have also issued research reports about the company. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. HC Wainwright restated a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday, September 17th. Canaccord Genuity Group began coverage on Western Copper & Gold in a research report on Monday. They issued a “speculative buy” rating on the stock. Finally, National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Western Copper & Gold has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Performance

WRN stock opened at $1.13 on Monday. The stock has a market cap of $224.00 million, a PE ratio of -56.50 and a beta of 1.84. Western Copper & Gold has a 12 month low of $0.95 and a 12 month high of $1.66. The business’s 50-day moving average price is $1.16.

Institutional Investors 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 stake in Western Copper & Gold Corp (NYSE:WRN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. Institutional investors and hedge funds own 21.96% of the company’s stock.

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.