What is HC Wainwright’s Forecast for WRN FY2024 Earnings?

Western Copper & Gold Corp (NYSE:WRN) – Analysts at HC Wainwright lowered their FY2024 earnings estimates for Western Copper & Gold in a report released on Wednesday, December 18th. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.03) per share for the year, down from their prior forecast of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.25 target price on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

WRN has been the topic of several other research reports. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating on the stock. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. Finally, StockNews.com raised Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Stock Performance

Shares of WRN stock opened at $1.04 on Monday. Western Copper & Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.66. The business has a 50-day moving average price of $1.13. The firm has a market cap of $206.16 million, a price-to-earnings ratio of -52.00 and a beta of 1.84.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC bought a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 27,450 shares of the company’s stock, valued at approximately $31,000. 21.96% of the stock is owned by institutional investors and hedge funds.

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.