Western Copper & Gold (NYSE:WRN) Receives "Buy" Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Western Copper & Gold (NYSE:WRN - Free Report) in a report issued on Tuesday morning,Benzinga reports. HC Wainwright currently has a $4.25 price objective on the stock.

Several other equities analysts have also recently issued reports on WRN. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a "speculative buy" rating on the stock. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They issued a "speculative buy" rating on the stock. StockNews.com raised shares of Western Copper & Gold to a "sell" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets assumed coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They set an "outperform" rating on the stock. One 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 an average rating of "Moderate Buy" and an average price target of $4.25.

Western Copper & Gold Trading Up 1.9 %

NYSE WRN traded up $0.02 on Tuesday, hitting $1.07. 1,068,926 shares of the stock traded hands, compared to its average volume of 305,345. The company has a market capitalization of $212.28 million, a P/E ratio of -53.50 and a beta of 1.81. The stock has a 50-day moving average of $1.06 and a 200 day moving average of $1.12. Western Copper & Gold has a twelve month low of $0.95 and a twelve month high of $1.66.

Institutional Investors Weigh In On Western Copper & Gold

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Western Copper & Gold in the 4th quarter worth about $45,000. Advisory Alpha LLC bought a new position in Western Copper & Gold in the 4th quarter worth about $48,000. Virtu Financial LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at approximately $64,000. Millstone Evans Group LLC bought a new stake in shares of Western Copper & Gold during the fourth quarter valued at approximately $303,000. Finally, Dauntless Investment Group LLC acquired a new position in shares of Western Copper & Gold during the fourth quarter worth approximately $316,000. 21.96% of the stock is currently owned by institutional investors.

About Western Copper & Gold

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.