FY2025 EPS Estimate for Western Copper & Gold Cut by Analyst

Western Copper & Gold Corp (NYSE:WRN - Free Report) - Analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Western Copper & Gold in a research report issued on Tuesday, June 17th. Cormark analyst S. Ioannou now forecasts that the company will post earnings of ($0.04) per share 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.

A number of other brokerages also recently issued reports on WRN. Stifel Canada upgraded Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. HC Wainwright set a $4.00 price target on Western Copper & Gold and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Western Copper & Gold to a "sell" rating in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $4.00.

Western Copper & Gold Price Performance

NYSE:WRN traded down $0.11 during trading hours on Thursday, reaching $1.23. The company had a trading volume of 447,082 shares, compared to its average volume of 377,488. The firm has a market cap of $246.01 million, a PE ratio of -61.50 and a beta of 1.16. The business's 50 day moving average price is $1.18 and its 200-day moving average price is $1.10. Western Copper & Gold has a 1-year low of $0.90 and a 1-year high of $1.42.

Institutional Investors Weigh In On Western Copper & Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Western Copper & Gold during the fourth quarter worth $45,000. Virtu Financial LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at $64,000. Russell Investments Group Ltd. grew its stake 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 valued at $634,000 after buying an additional 66,551 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at $2,607,000. Finally, Lido Advisors LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter valued at $578,000. Institutional investors and hedge funds own 21.96% of the company's stock.

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.