Cormark Upgrades Western Copper & Gold (NYSE:WRN) to Moderate Buy

Western Copper & Gold (NYSE:WRN) was upgraded by equities researchers at Cormark to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

WRN has been the topic of a number of other reports. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. HC Wainwright restated a “buy” rating and set a $4.25 target price on shares of Western Copper & Gold in a research report on Tuesday. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, February 4th. Canaccord Genuity Group started coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. Finally, BMO Capital Markets began coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They issued an “outperform” rating on the stock. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Stock Down 1.0 %

Shares of WRN stock opened at $1.02 on Tuesday. Western Copper & Gold has a 52-week low of $0.95 and a 52-week high of $1.66. The stock’s 50-day moving average price is $1.06 and its 200 day moving average price is $1.12. The stock has a market capitalization of $202.36 million, a PE ratio of -51.00 and a beta of 1.81.

Hedge Funds Weigh In On Western Copper & Gold

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Western Copper & Gold in the fourth quarter valued at $45,000. Advisory Alpha LLC acquired a new position in Western Copper & Gold in the 4th quarter valued at about $48,000. Virtu Financial LLC purchased a new position in Western Copper & Gold in the 4th quarter valued at about $64,000. Millstone Evans Group LLC acquired a new stake in shares of Western Copper & Gold during the 4th quarter worth about $303,000. Finally, Dauntless Investment Group LLC purchased a new stake in shares of Western Copper & Gold during the fourth quarter worth about $316,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

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.