Western Copper & Gold (NYSE:WRN) Shares Up 3.1% – Time to Buy?

Western Copper & Gold Corp (NYSE:WRN)’s share price traded up 3.1% on Friday . The company traded as high as $2.95 and last traded at $2.95. 352,779 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 593,913 shares. The stock had previously closed at $2.86.

Wall Street Analyst Weigh In

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

Western Copper & Gold Trading Up 3.5%

The firm has a fifty day moving average price of $2.31 and a 200 day moving average price of $1.78. The firm has a market cap of $598.09 million, a PE ratio of -148.00 and a beta of 1.06.

Hedge Funds Weigh In On Western Copper & Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Western Copper & Gold in the 3rd quarter valued at approximately $98,000. Tidal Investments LLC grew its position in Western Copper & Gold by 33.0% in the third quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock worth $6,616,000 after acquiring an additional 833,348 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in Western Copper & Gold during the third quarter worth $632,000. Millennium Management LLC raised its position in Western Copper & Gold by 52.4% in the third quarter. Millennium Management LLC now owns 253,027 shares of the company’s stock valued at $499,000 after purchasing an additional 87,024 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of Western Copper & Gold in the 3rd quarter valued at $31,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Company Profile

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.