Western Copper & Gold (NYSE:WRN) Now Covered by Canaccord Genuity Group

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

A number of other equities research analysts have also weighed in on WRN. National Bank Financial raised shares of Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Western Copper & Gold presently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Stock Performance

WRN opened at $1.11 on Monday. The company’s fifty day moving average price is $1.16. The firm has a market cap of $219.05 million, a price-to-earnings ratio of -55.25 and a beta of 1.84. Western Copper & Gold has a twelve month low of $0.95 and a twelve month high of $1.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC purchased a new position in Western Copper & Gold Corp (NYSE:WRN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.