Western Copper & Gold (NYSE:WRN) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a report released on Wednesday,Benzinga reports. They currently have a $4.25 price objective on the stock.

Several other equities analysts have also recently issued reports on WRN. National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. StockNews.com raised Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Finally, Canaccord Genuity Group initiated coverage on 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, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Down 6.0 %

Shares of WRN stock opened at $1.03 on Wednesday. The firm has a market capitalization of $203.19 million, a price-to-earnings ratio of -51.25 and a beta of 1.84. The company’s 50-day moving average price is $1.14. Western Copper & Gold has a 12 month low of $0.95 and a 12 month high of $1.66.

Hedge Funds Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC bought a new position in shares of Western Copper & Gold Corp (NYSE:WRN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned approximately 0.35% of Western Copper & Gold as of its most recent SEC filing. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.