Virtu Financial LLC Makes New $64,000 Investment in Western Copper & Gold Corp (NYSE:WRN)

Virtu Financial LLC purchased a new stake in Western Copper & Gold Corp (NYSE:WRN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,010 shares of the company’s stock, valued at approximately $64,000.

A number of other hedge funds have also modified their holdings of WRN. Euro Pacific Asset Management LLC increased its stake in Western Copper & Gold by 57.4% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock valued at $1,149,000 after purchasing an additional 398,974 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Western Copper & Gold in the 4th quarter valued at $303,000. Advisory Alpha LLC acquired a new stake in Western Copper & Gold during the 4th quarter worth $48,000. Finally, Raymond James Financial Inc. bought a new position in Western Copper & Gold during the fourth quarter worth about $45,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Trading Down 3.0 %

Shares of WRN stock opened at $1.14 on Tuesday. The firm’s fifty day moving average price is $1.07 and its two-hundred day moving average price is $1.11. Western Copper & Gold Corp has a 1 year low of $0.98 and a 1 year high of $1.66. The firm has a market capitalization of $227 million, a P/E ratio of -56.75 and a beta of 1.77.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WRN shares. StockNews.com raised Western Copper & Gold to a “sell” rating in a research report on Wednesday, March 26th. BMO Capital Markets assumed coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They issued an “outperform” rating on the stock. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. HC Wainwright restated a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday, February 18th. Finally, Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

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.