Western Copper and Gold (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN) will likely be issuing its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of ($0.01) per share for the quarter.
Western Copper and Gold Stock Performance
Shares of NYSEAMERICAN WRN opened at $2.21 on Wednesday. The firm has a fifty day moving average of $2.34 and a 200 day moving average of $2.76. The firm has a market cap of $499.11 million, a PE ratio of -221.00 and a beta of 1.27. Western Copper and Gold has a one year low of $1.20 and a one year high of $4.26.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “buy” rating on shares of Western Copper and Gold in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Western Copper and Gold currently has a consensus rating of “Buy” and a consensus price target of $5.75.
Institutional Investors Weigh In On Western Copper and Gold
A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its stake in Western Copper and Gold by 696.3% during the 3rd quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock valued at $1,950,000 after acquiring an additional 865,339 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Western Copper and Gold by 33.0% during the 3rd quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock worth $6,616,000 after purchasing an additional 833,348 shares during the last quarter. Marshall Wace LLP grew its position in shares of Western Copper and Gold by 196.9% in the fourth quarter. Marshall Wace LLP now owns 857,181 shares of the company’s stock valued at $2,289,000 after purchasing an additional 568,468 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Western Copper and Gold by 110.8% in the third quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock valued at $1,923,000 after purchasing an additional 510,000 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Western Copper and Gold by 171.3% during the fourth quarter. Millennium Management LLC now owns 686,447 shares of the company’s stock worth $1,834,000 after buying an additional 433,420 shares in the last quarter. 21.96% of the stock is currently owned by institutional investors and hedge funds.
About Western Copper and Gold
Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.
The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.
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