Western Copper and Gold (WRN) to Release Earnings on Thursday

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) will likely be posting its results after the market closes on Thursday, May 7th. Analysts expect Western Copper and Gold to post earnings of ($0.01) per share for the quarter.

Western Copper and Gold Stock Up 7.4%

Shares of WRN stock opened at $2.98 on Wednesday. The business has a 50-day moving average price of $2.79 and a two-hundred day moving average price of $2.76. Western Copper and Gold has a 12-month low of $1.02 and a 12-month high of $4.26. The firm has a market cap of $671.25 million, a P/E ratio of -99.17 and a beta of 1.16.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.75 target price on shares of Western Copper and Gold in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of $5.75.

Institutional Trading of Western Copper and Gold

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Western Copper and Gold in the fourth quarter worth $28,000. Centiva Capital LP purchased a new stake in Western Copper and Gold during the 3rd quarter valued at $31,000. Jane Street Group LLC bought a new stake in Western Copper and Gold in the 2nd quarter worth $45,000. XTX Topco Ltd grew its holdings in Western Copper and Gold by 317.9% in the 2nd quarter. XTX Topco Ltd now owns 50,877 shares of the company’s stock worth $64,000 after acquiring an additional 38,704 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Western Copper and Gold by 23.1% in 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. Hedge funds and other institutional investors own 21.96% of the company’s stock.

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.