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

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are covering the stock, MarketBeat.com reports. Four equities research 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 objective among brokers that have covered the stock in the last year is $4.25.

Several brokerages recently issued reports on WRN. HC Wainwright reissued a "buy" rating and set a $4.25 price target on shares of Western Copper & Gold in a report on Tuesday. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a report on Monday, December 9th. They set a "speculative buy" rating on the stock. Cormark upgraded shares of Western Copper & Gold to a "moderate buy" rating in a research report on Tuesday. StockNews.com raised shares of Western Copper & Gold to a "sell" rating in a report on Tuesday, February 4th. Finally, Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a "speculative buy" rating on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Euro Pacific Asset Management LLC acquired a new position in Western Copper & Gold in the third quarter valued at about $828,000. Advisory Alpha LLC bought a new stake in shares of Western Copper & Gold in the 4th quarter valued at about $48,000. Tidal Investments LLC acquired a new stake in shares of Western Copper & Gold in the 4th quarter valued at approximately $2,607,000. Raymond James Financial Inc. bought a new position in Western Copper & Gold during the 4th quarter worth approximately $45,000. Finally, Lido Advisors LLC acquired a new position in Western Copper & Gold during the fourth quarter valued at approximately $578,000. 21.96% of the stock is currently owned by institutional investors.

Western Copper & Gold Stock Up 2.9 %

Western Copper & Gold stock traded up $0.03 during mid-day trading on Monday, hitting $1.05. 616,194 shares of the company were exchanged, compared to its average volume of 319,359. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66. The business has a fifty day moving average of $1.06 and a 200 day moving average of $1.12. The company has a market capitalization of $208.31 million, a PE ratio of -52.50 and a beta of 1.81.

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.