Western Copper & Gold (NYSE:WRN) Sees Large Volume Increase – Here’s What Happened

Western Copper & Gold Corp (NYSE:WRN) shares saw an uptick in trading volume on Monday . 494,410 shares traded hands during trading, a decline of 17% from the previous session’s volume of 595,275 shares.The stock last traded at $2.73 and had previously closed at $2.99.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their target price on Western Copper & Gold from $4.00 to $4.25 and gave the company a “buy” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, Western Copper & Gold presently has an average rating of “Buy” and an average target price of $4.25.

Western Copper & Gold Stock Down 8.0%

The business has a 50-day moving average of $2.33 and a 200-day moving average of $1.80. The stock has a market cap of $555.65 million, a price-to-earnings ratio of -137.50 and a beta of 1.06.

Institutional Trading of Western Copper & Gold

A number of institutional investors have recently added to or reduced their stakes in WRN. Tidal Investments LLC increased its stake in shares of Western Copper & 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. Bank of America Corp DE increased its position in Western Copper & Gold by 696.3% during the third quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock worth $1,950,000 after buying an additional 865,339 shares during the last quarter. Mackenzie Financial Corp increased its position in Western Copper & Gold by 110.8% during the third quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock worth $1,923,000 after buying an additional 510,000 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Western Copper & Gold by 98.0% during the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company’s stock valued at $555,000 after buying an additional 241,868 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Western Copper & Gold by 2.4% in the third 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 during the last quarter. 21.96% of the stock is currently owned by institutional investors and hedge funds.

About Western Copper & Gold

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.