Western Copper and Gold (NYSEAMERICAN:WRN) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research note issued to investors on Wednesday, Benzinga reports. HC Wainwright currently has a $4.25 price objective on the stock.

Separately, Eight Capital upgraded shares of Western Copper and Gold to a strong-buy rating in a report on Tuesday, June 11th.

Western Copper and Gold Stock Performance

NYSEAMERICAN:WRN opened at $1.15 on Wednesday. Western Copper and Gold has a one year low of $0.95 and a one year high of $1.74. The company has a market cap of $227.14 million, a P/E ratio of -38.33 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, analysts expect that Western Copper and Gold will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Western Copper and Gold

A number of hedge funds have recently bought and sold shares of WRN. Herr Investment Group LLC purchased a new position in Western Copper and Gold during the 1st quarter worth $2,552,000. Platte River Wealth Advisors LLC purchased a new position in shares of Western Copper and Gold in the 1st quarter worth about $843,000. Sweeney & Michel LLC purchased a new position in shares of Western Copper and Gold in the 1st quarter worth about $118,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Western Copper and Gold by 379.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after buying an additional 41,753 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Western Copper and Gold by 750.0% in the 4th quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock worth $45,000 after buying an additional 30,000 shares during the last quarter. 21.96% of the stock is owned by hedge funds and other institutional investors.

About Western Copper and 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.