Western Copper & Gold Corp (NYSE:WRN) Receives Average Recommendation of "Buy" from Brokerages

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have earned an average recommendation of "Buy" from the five analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.25.

Several analysts have commented on the company. National Bank Financial raised Western Copper & Gold to a "strong-buy" rating in a research note on Monday, September 30th. BMO Capital Markets assumed coverage on Western Copper & Gold in a research note on Thursday. They set an "outperform" rating for the company. Canaccord Genuity Group started coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a "speculative buy" rating for the company. Canaccord Genuity Group started coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a "speculative buy" rating on the stock. Finally, HC Wainwright reiterated a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a research report on Wednesday, December 18th.

Hedge Funds Weigh In On Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new position in Western Copper & Gold Corp (NYSE:WRN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 695,500 shares of the company's stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned 0.35% of Western Copper & Gold as of its most recent SEC filing. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Stock Performance

NYSE WRN remained flat at $1.01 during trading on Thursday. The company's stock had a trading volume of 185,613 shares, compared to its average volume of 295,648. The stock has a market capitalization of $200.37 million, a price-to-earnings ratio of -50.50 and a beta of 1.83. The stock's 50-day simple moving average is $1.08. Western Copper & Gold has a 12 month low of $0.95 and a 12 month high of $1.66.

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.