StockNews.com Upgrades Western Copper & Gold (NYSE:WRN) to Sell

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

Several other equities research analysts have also weighed in on WRN. BMO Capital Markets began coverage on Western Copper & Gold in a 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 note on Monday, December 9th. They issued a “speculative buy” rating for the company. Cormark upgraded shares of Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. HC Wainwright reiterated a “buy” rating and issued a $4.25 target price on shares of Western Copper & Gold in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Western Copper & Gold has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Price Performance

NYSE WRN opened at $1.21 on Wednesday. The firm has a market cap of $240.10 million, a P/E ratio of -60.50 and a beta of 1.77. The stock’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.11. Western Copper & Gold has a fifty-two week low of $0.98 and a fifty-two week high of $1.66.

Institutional Investors Weigh In On Western Copper & Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Western Copper & Gold in the 4th quarter valued at $45,000. Advisory Alpha LLC bought a new position in shares of Western Copper & Gold during the 4th quarter worth about $48,000. Virtu Financial LLC acquired a new position in shares of Western Copper & Gold during the fourth quarter valued at about $64,000. Millstone Evans Group LLC bought a new stake in shares of Western Copper & Gold in the fourth quarter valued at about $303,000. Finally, Dauntless Investment Group LLC acquired a new stake in Western Copper & Gold during the fourth quarter worth about $316,000. 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.