Analysts Set Western Copper & Gold Corp (NYSE:WRN) Price Target at $4.25

Shares of Western Copper & Gold Corp (NYSE:WRN) have earned a consensus rating of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.25.

Separately, HC Wainwright lifted their price target on shares of Western Copper & Gold from $4.00 to $4.25 and gave the stock a “buy” rating in a research note on Friday, September 26th.

Western Copper & Gold Trading Up 2.2%

Western Copper & Gold stock opened at $2.29 on Wednesday. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $2.56. The stock has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $1.57. The firm has a market cap of $461.79 million, a price-to-earnings ratio of -114.50 and a beta of 1.12.

Hedge Funds Weigh In On Western Copper & Gold

A number of institutional investors have recently bought and sold shares of WRN. Wealth Management Associates Inc. raised its position in shares of Western Copper & Gold by 7.1% during the 3rd quarter. Wealth Management Associates Inc. now owns 67,900 shares of the company’s stock valued at $134,000 after purchasing an additional 4,500 shares during the period. Gamco Investors INC. ET AL increased its stake in Western Copper & Gold by 2.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 433,200 shares of the company’s stock worth $853,000 after buying an additional 10,000 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Western Copper & Gold by 23.1% during the second quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock valued at $67,000 after acquiring an additional 10,000 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Western Copper & Gold in the third quarter valued at about $25,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Western Copper & Gold in the third quarter valued at about $30,000. 21.96% of the stock is owned by institutional investors.

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.