Euro Pacific Asset Management LLC Acquires 644,198 Shares of Western Copper and Gold Corporation $WRN

Key Points

• Euro Pacific Asset Management boosted its stake in Western Copper and Gold (WRN) by 164.6%, buying an additional 644,198 shares to hold 1,035,506 shares worth about $2.76 million at quarter-end.
• Other institutions also increased exposure—Goldman Sachs raised its stake by 98.0% and JPMorgan established a new position—bringing total institutional ownership to 21.96%.
• WRN is trading around $2.39 with a market cap of about $539.2 million, and analyst coverage is bullish (average rating "Strong Buy" and a consensus target of $5.75 from HC Wainwright).

Euro Pacific Asset Management LLC grew its holdings in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Free Report) TSE: WRN by 164.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,035,506 shares of the company's stock after purchasing an additional 644,198 shares during the period. Euro Pacific Asset Management LLC owned about 0.51% of Western Copper and Gold worth $2,763,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Western Copper and Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock valued at $555,000 after buying an additional 241,868 shares during the period. JPMorgan Chase & Co. acquired a new stake in Western Copper and Gold during the second quarter worth approximately $87,000. XTX Topco Ltd increased its stake in Western Copper and Gold by 317.9% during the 2nd quarter. XTX Topco Ltd now owns 50,877 shares of the company's stock worth $64,000 after acquiring an additional 38,704 shares during the period. Quadrature Capital Ltd bought a new position in Western Copper and Gold during the 2nd quarter worth $271,000. Finally, Raymond James Financial Inc. raised its holdings in Western Copper and Gold by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company's stock valued at $67,000 after acquiring an additional 10,000 shares in the last quarter. 21.96% of the stock is owned by institutional investors.

Western Copper and Gold Trading Down 0.4%

Shares of NYSEAMERICAN:WRN opened at $2.39 on Tuesday. The firm has a 50 day moving average of $3.12 and a 200-day moving average of $2.63. The stock has a market capitalization of $539.23 million, a PE ratio of -79.67 and a beta of 1.02. Western Copper and Gold Corporation has a 12 month low of $0.90 and a 12 month high of $4.26.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $5.75 target price on shares of Western Copper and Gold in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Strong Buy" and an average target price of $5.75.

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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