Western Copper & Gold Corp (NYSE:WRN) Given Average Rating of "Buy" by Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have earned an average recommendation of "Buy" from the five brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.25.

Several brokerages have weighed in on WRN. Cormark upgraded Western Copper & Gold to a "moderate buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets began coverage on shares of Western Copper & Gold in a report on Thursday, January 23rd. They issued an "outperform" rating on the stock. HC Wainwright reiterated a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a report on Friday. Finally, StockNews.com raised Western Copper & Gold to a "sell" rating in a research report on Wednesday, March 26th.

Institutional Trading of Western Copper & Gold

Several large investors have recently bought and sold shares of WRN. Tidal Investments LLC purchased a new stake in shares of Western Copper & Gold in the 4th quarter worth about $2,607,000. Euro Pacific Asset Management LLC boosted its stake 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 worth $1,149,000 after acquiring an additional 398,974 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Western Copper & Gold by 12.4% in the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company's stock worth $634,000 after purchasing an additional 66,551 shares during the period. Lido Advisors LLC bought a new position in shares of Western Copper & Gold during the fourth quarter valued at approximately $578,000. Finally, Dauntless Investment Group LLC purchased a new position in shares of Western Copper & Gold during the fourth quarter valued at approximately $316,000. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Stock Up 6.9 %

Shares of WRN traded up $0.07 during trading hours on Tuesday, hitting $1.08. The company had a trading volume of 321,994 shares, compared to its average volume of 308,062. The firm has a market cap of $216 million, a P/E ratio of -54.00 and a beta of 1.62. Western Copper & Gold has a 52-week low of $0.90 and a 52-week high of $1.66. The stock's 50 day moving average price is $1.06 and its 200 day moving average price is $1.10.

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.