Research Analysts Issue Forecasts for WRN FY2025 Earnings

Western Copper & Gold Corp (NYSE:WRN - Free Report) - Investment analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Western Copper & Gold in a report issued on Tuesday, June 17th. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of ($0.04) for the year, down from their previous estimate of ($0.02). The consensus estimate for Western Copper & Gold's current full-year earnings is ($0.03) per share. Cormark also issued estimates for Western Copper & Gold's FY2026 earnings at ($0.04) EPS.

Several other analysts have also commented on the stock. Stifel Canada raised shares of Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th. Finally, HC Wainwright set a $4.00 target price on shares of Western Copper & Gold and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $4.00.

Western Copper & Gold Price Performance

WRN stock remained flat at $1.34 during trading on Thursday. The company had a trading volume of 302,367 shares, compared to its average volume of 376,885. The company's 50 day moving average price is $1.17 and its 200 day moving average price is $1.10. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42. The company has a market capitalization of $268.01 million, a P/E ratio of -67.00 and a beta of 1.16.

Institutional Investors Weigh In On Western Copper & Gold

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Western Copper & Gold in the 4th quarter valued at approximately $45,000. Millstone Evans Group LLC purchased a new stake in Western Copper & Gold during the 4th quarter worth approximately $303,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the 4th quarter valued at approximately $64,000. Russell Investments Group Ltd. raised its holdings in shares of Western Copper & Gold by 12.4% in the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company's stock worth $634,000 after buying an additional 66,551 shares during the last quarter. Finally, Dauntless Investment Group LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter worth $316,000. Institutional investors and hedge funds own 21.96% of the company's stock.

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.