Millstone Evans Group LLC Makes New $303,000 Investment in Western Copper & Gold Corp (NYSE:WRN)

Millstone Evans Group LLC acquired a new stake in Western Copper & Gold Corp (NYSE:WRN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 288,926 shares of the company's stock, valued at approximately $303,000. Millstone Evans Group LLC owned approximately 0.15% of Western Copper & Gold at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WRN. Advisory Alpha LLC acquired a new stake in Western Copper & Gold in the 4th quarter valued at $48,000. Euro Pacific Asset Management LLC lifted its holdings in Western Copper & Gold by 57.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company's stock valued at $1,149,000 after purchasing an additional 398,974 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at about $45,000. 21.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on WRN. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a "speculative buy" rating on the stock. HC Wainwright reiterated a "buy" rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Tuesday, February 18th. Cormark upgraded Western Copper & Gold to a "moderate buy" rating in a report on Tuesday, February 18th. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They set an "outperform" rating on the stock. Finally, StockNews.com upgraded shares of Western Copper & Gold to a "sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Western Copper & Gold has a consensus rating of "Moderate Buy" and an average price target of $4.25.

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Western Copper & Gold Price Performance

Shares of NYSE:WRN traded down $0.06 during midday trading on Wednesday, hitting $1.15. The company had a trading volume of 164,499 shares, compared to its average volume of 300,553. Western Copper & Gold Corp has a twelve month low of $0.98 and a twelve month high of $1.66. The stock has a market cap of $228.19 million, a price-to-earnings ratio of -57.50 and a beta of 1.77. The business's 50-day simple moving average is $1.06 and its 200-day simple moving average is $1.11.

Western Copper & Gold Company Profile

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.