Euro Pacific Asset Management LLC Sells 767,714 Shares of Western Copper & Gold Corp $WRN

Key Points

• Euro Pacific Asset Management LLC has drastically reduced its stake in Western Copper & Gold Corp by 72.4%, selling 767,714 shares, and now owns approximately 0.15% of the company.
• Other institutional investors have increased their positions, notably SBI Securities Co. Ltd. increasing its stake by 255.5% during the first quarter.
• Analysts have a positive outlook on WRN, with the stock receiving a "strong-buy" rating from Stifel Canada and an increased target price to $4.25 from HC Wainwright.

Euro Pacific Asset Management LLC cut its position in Western Copper & Gold Corp (NYSE:WRN - Free Report) by 72.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,637 shares of the company's stock after selling 767,714 shares during the period. Euro Pacific Asset Management LLC owned about 0.15% of Western Copper & Gold worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of WRN. SBI Securities Co. Ltd. increased its stake in Western Copper & Gold by 255.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock worth $85,000 after buying an additional 53,570 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Western Copper & Gold by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock worth $980,000 after purchasing an additional 255,642 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Western Copper & Gold by 98.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock valued at $555,000 after purchasing an additional 241,868 shares during the period. Hedge funds and other institutional investors own 21.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WRN shares. Stifel Canada upgraded Western Copper & Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. HC Wainwright boosted their target price on shares of Western Copper & Gold from $4.00 to $4.25 and gave the stock a "buy" rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $4.25.

Western Copper & Gold Price Performance

NYSE:WRN opened at $2.14 on Tuesday. The company has a market cap of $431.54 million, a price-to-earnings ratio of -107.00 and a beta of 1.13. Western Copper & Gold Corp has a 1 year low of $0.90 and a 1 year high of $2.14. The stock's 50 day simple moving average is $1.52 and its two-hundred day simple moving average is $1.30.

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.

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