Western Copper & Gold Corp (NYSE:WRN) Given Average Rating of “Buy” by Brokerages

Western Copper & Gold Corp (NYSE:WRN) has received a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.25.

Several equities research analysts have recently commented on the company. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating for the company. HC Wainwright reissued a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday, February 18th. Cormark raised Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. BMO Capital Markets initiated coverage on Western Copper & Gold in a report on Thursday, January 23rd. They set an “outperform” rating for the company. Finally, Canaccord Genuity Group initiated coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company.

Institutional Investors Weigh In On Western Copper & Gold

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new position in shares of Western Copper & Gold during the 4th quarter worth approximately $2,607,000. Lido Advisors LLC bought a new position in shares of Western Copper & Gold during the 4th quarter worth approximately $578,000. Dauntless Investment Group LLC bought a new position in shares of Western Copper & Gold during the 4th quarter worth approximately $316,000. Raymond James Financial Inc. bought a new position in shares of Western Copper & Gold during the 4th quarter worth approximately $45,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Western Copper & Gold by 12.4% during the 4th quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock worth $634,000 after buying an additional 66,551 shares in the last quarter. 21.96% of the stock is currently owned by institutional investors.

Western Copper & Gold Stock Up 2.9 %

NYSE:WRN opened at $1.06 on Friday. Western Copper & Gold has a twelve month low of $0.98 and a twelve month high of $1.66. The business has a 50 day moving average price of $1.05 and a two-hundred day moving average price of $1.11. The company has a market cap of $210.34 million, a P/E ratio of -53.00 and a beta of 1.77.

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.