Western Copper & Gold (NYSE:WRN) Rating Increased to Sell at StockNews.com

Western Copper & Gold (NYSE:WRN) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently commented on WRN. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating on the stock. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They issued an “outperform” rating for the company. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Stock Down 2.9 %

NYSE WRN opened at $1.01 on Tuesday. The firm’s fifty day simple moving average is $1.06. The firm has a market capitalization of $200.37 million, a P/E ratio of -50.50 and a beta of 1.83. Western Copper & Gold has a 1 year low of $0.95 and a 1 year high of $1.66.

Hedge Funds Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new position in Western Copper & Gold Corp (NYSE:WRN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 and hedge funds own 21.96% of the company’s stock.

About Western Copper & Gold

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.