Research Analysts Set Expectations for WRN FY2024 Earnings

Western Copper & Gold Corp (NYSE:WRN) – Analysts at Cormark issued their FY2024 earnings per share estimates for Western Copper & Gold in a note issued to investors on Tuesday, February 18th. Cormark analyst S. Ioannou forecasts that the company will post earnings per share of ($0.02) for the year. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share. Cormark also issued estimates for Western Copper & Gold’s FY2025 earnings at ($0.02) EPS.

A number of other analysts also recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday. BMO Capital Markets began coverage on Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating for the company. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company. Finally, StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research note on Tuesday, February 4th. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Price Performance

Shares of WRN stock opened at $1.05 on Thursday. The firm has a market capitalization of $208.31 million, a PE ratio of -52.50 and a beta of 1.81. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66. The business’s fifty day moving average price is $1.05 and its 200 day moving average price is $1.12.

Institutional Trading of Western Copper & Gold

Institutional investors have recently modified their holdings of the company. Euro Pacific Asset Management LLC purchased a new position in shares of Western Copper & Gold in the 3rd quarter valued at $828,000. Advisory Alpha LLC acquired a new stake in Western Copper & Gold in the fourth quarter valued at $48,000. Tidal Investments LLC bought a new position in Western Copper & Gold during the 4th quarter valued at $2,607,000. Raymond James Financial Inc. bought a new position in shares of Western Copper & Gold during the fourth quarter worth about $45,000. Finally, Lido Advisors LLC acquired a new position in shares of Western Copper & Gold in the 4th quarter worth approximately $578,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Company Profile

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.