What is HC Wainwright’s Estimate for WRN FY2024 Earnings?

Western Copper & Gold Corp (NYSE:WRN) – Stock analysts at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for shares of Western Copper & Gold in a note issued to investors on Wednesday, December 18th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.03) per share for the year, down from their previous forecast of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.25 target price on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

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

Western Copper & Gold Stock Performance

NYSE WRN opened at $1.01 on Monday. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66. The firm has a market cap of $200.22 million, a P/E ratio of -50.50 and a beta of 1.84. The firm has a 50-day moving average price of $1.13.

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 position in Western Copper & Gold Corp (NYSE:WRN) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned 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.