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

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

Several other equities research analysts have also recently weighed in on the company. National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. HC Wainwright reiterated a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday, September 17th.

Western Copper & Gold Price Performance

WRN opened at $1.18 on Tuesday. The stock has a market cap of $233.91 million, a PE ratio of -39.33 and a beta of 1.84. Western Copper & Gold has a 12-month low of $0.95 and a 12-month high of $1.66. The business has a 50-day moving average price of $1.17.

Western Copper & Gold (NYSE:WRN) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter. Research analysts expect that Western Copper & Gold will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC acquired a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,450 shares of the company’s stock, valued at approximately $31,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.