Western Copper & Gold (NYSE:WRN) Shares Up 5% – Here’s What Happened

Shares of Western Copper & Gold Corp (NYSE:WRN) shot up 5% on Tuesday . The stock traded as high as $1.06 and last traded at $1.06. 311,117 shares were traded during mid-day trading, a decline of 4% from the average session volume of 322,810 shares. The stock had previously closed at $1.01.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WRN. Canaccord Genuity Group began coverage on Western Copper & Gold in a research note 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 target on shares of Western Copper & Gold in a research note on Wednesday, December 18th. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com raised Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Western Copper & Gold presently has a consensus rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Stock Performance

The business has a 50 day moving average of $1.09. The firm has a market capitalization of $210.29 million, a price-to-earnings ratio of -53.00 and a beta of 1.83.

Institutional Investors Weigh In On Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Advisory Alpha LLC acquired a new stake in Western Copper & Gold Corp (NYSE:WRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,991 shares of the company’s stock, valued at approximately $48,000. Institutional investors own 21.96% of the company’s stock.

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.