Western Copper & Gold (NYSE:WRN) Given “Buy” Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a research note released on Tuesday morning,Benzinga reports. HC Wainwright currently has a $4.25 target price on the stock.

A number of other equities analysts have also recently issued reports on WRN. BMO Capital Markets began coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company. StockNews.com raised Western Copper & Gold to a “sell” rating in a report on Tuesday, February 4th. Finally, 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. One 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. According to MarketBeat, Western Copper & Gold has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Performance

NYSE:WRN opened at $1.03 on Tuesday. The firm’s fifty day moving average is $1.06 and its 200-day moving average is $1.12. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66. The firm has a market cap of $204.34 million, a P/E ratio of -51.50 and a beta of 1.81.

Institutional Investors Weigh In On Western Copper & Gold

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