Western Copper & Gold (NYSE:WRN) Upgraded by Cormark to "Moderate Buy" Rating

Western Copper & Gold (NYSE:WRN - Get Free Report) was upgraded by investment analysts at Cormark to a "moderate buy" rating in a report released on Tuesday,Zacks.com reports. Cormark also issued estimates for Western Copper & Gold's FY2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.02) EPS.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a "speculative buy" rating on the stock. Canaccord Genuity Group started coverage on Western Copper & Gold in a report on Monday, December 9th. They set a "speculative buy" rating on the stock. StockNews.com raised Western Copper & Gold to a "sell" rating in a research note on Tuesday, February 4th. HC Wainwright reaffirmed a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a research note on Tuesday. Finally, BMO Capital Markets began coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Western Copper & Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.25.

Western Copper & Gold Trading Up 1.9 %

Shares of WRN traded up $0.02 during midday trading on Tuesday, hitting $1.07. The stock had a trading volume of 1,068,926 shares, compared to its average volume of 305,345. The business has a 50-day simple moving average of $1.06 and a two-hundred day simple moving average of $1.12. The firm has a market cap of $212.28 million, a P/E ratio of -53.50 and a beta of 1.81. Western Copper & Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.66.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Western Copper & Gold in the 4th quarter valued at approximately $45,000. Advisory Alpha LLC bought a new stake in Western Copper & Gold in the fourth quarter worth approximately $48,000. Virtu Financial LLC bought a new stake in Western Copper & Gold in the fourth quarter worth approximately $64,000. Russell Investments Group Ltd. increased its stake in shares of Western Copper & Gold by 12.4% during the 4th 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 last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Western Copper & Gold in the 4th quarter valued at $303,000. 21.96% of the stock is owned by institutional investors and hedge funds.

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.