Western Copper and Gold (NYSEAMERICAN:WRN) Given Buy Rating at HC Wainwright

Key Points

• HC Wainwright reiterated a Buy rating on Western Copper and Gold, with a $5.75 price target implying 138.59% upside from the previous close.
• UBS Group also reaffirmed its Buy rating with a $5.25 target, while analysts’ consensus stands at Buy with an average price target of $5.50.
• Shares opened at $2.41, compared with a 52-week range of $1.45 to $4.26; institutional investors and hedge funds own approximately 21.96% of the company.

Western Copper and Gold (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN's stock had its "buy" rating reiterated by equities research analysts at HC Wainwright in a report released on Friday, MarketBeat reports. They presently have a $5.75 price objective on the stock. HC Wainwright's target price points to a potential upside of 138.59% from the stock's previous close.

Separately, UBS Group reaffirmed a "buy" rating and issued a $5.25 price objective on shares of Western Copper and Gold in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $5.50.

Western Copper and Gold Price Performance

Shares of Western Copper and Gold stock opened at $2.41 on Friday. Western Copper and Gold has a 1-year low of $1.45 and a 1-year high of $4.26. The business's fifty day moving average price is $2.29 and its two-hundred day moving average price is $2.60. The company has a market capitalization of $544.27 million, a P/E ratio of -120.50 and a beta of 1.32.

Institutional Investors Weigh In On Western Copper and Gold

A number of institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in shares of Western Copper and Gold during the 2nd quarter valued at $27,000. Dimensional Fund Advisors LP acquired a new stake in shares of Western Copper and Gold in the fourth quarter valued at $28,000. Centiva Capital LP acquired a new stake in shares of Western Copper and Gold in the third quarter valued at $31,000. Jane Street Group LLC bought a new position in Western Copper and Gold during the second quarter valued at about $45,000. Finally, International Assets Investment Management LLC boosted its stake in Western Copper and Gold by 45.6% during the fourth quarter. International Assets Investment Management LLC now owns 18,200 shares of the company's stock valued at $49,000 after buying an additional 5,700 shares in the last quarter. 21.96% of the stock is currently owned by institutional investors and hedge funds.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world's largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company's primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold's activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.

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