Western Copper & Gold’s (WRN) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $4.25 price target on the stock.

A number of other research firms have also commented on WRN. StockNews.com raised Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating for the company. National Bank Financial raised shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. One investment 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Price Performance

Shares of WRN opened at $1.04 on Wednesday. The company has a market cap of $206.16 million, a price-to-earnings ratio of -52.00 and a beta of 1.84. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66. The business’s 50 day moving average is $1.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC purchased a new position in Western Copper & Gold Corp (NYSE:WRN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,450 shares of the company’s stock, valued at approximately $31,000. 21.96% of the stock is owned by institutional investors.

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.