StockNews.com Upgrades Western Copper & Gold (NYSE:WRN) to Sell

Western Copper & Gold (NYSE:WRN - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently commented on WRN. HC Wainwright reissued a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a research note on Wednesday, December 18th. Canaccord Genuity Group started coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a "speculative buy" rating on the stock. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a report on Monday, December 9th. They set a "speculative buy" rating for the company. Finally, BMO Capital Markets assumed coverage on Western Copper & Gold in a research report on Thursday, January 23rd. They issued 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $4.25.

Western Copper & Gold Price Performance

Western Copper & Gold stock traded up $0.03 during trading on Tuesday, reaching $1.09. The company had a trading volume of 304,130 shares, compared to its average volume of 255,631. The company has a 50-day moving average of $1.06. The company has a market capitalization of $216.25 million, a price-to-earnings ratio of -54.50 and a beta of 1.81. Western Copper & Gold has a 1-year low of $0.95 and a 1-year high of $1.66.

Hedge Funds Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Advisory Alpha LLC bought a new position in Western Copper & Gold Corp (NYSE:WRN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,991 shares of the company's stock, valued at approximately $48,000. 21.96% of the stock is owned by hedge funds and other 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.