Tidal Investments LLC Buys Shares of 2,482,391 Western Copper & Gold Corp (NYSE:WRN)

Tidal Investments LLC purchased a new position in Western Copper & Gold Corp (NYSE:WRN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,482,391 shares of the company's stock, valued at approximately $2,607,000. Tidal Investments LLC owned 1.25% of Western Copper & Gold as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WRN. Raymond James Financial Inc. bought a new position in Western Copper & Gold during the fourth quarter worth $45,000. Advisory Alpha LLC acquired a new stake in Western Copper & Gold during the 4th quarter worth about $48,000. Virtu Financial LLC bought a new position in shares of Western Copper & Gold in the 4th quarter worth about $64,000. Millstone Evans Group LLC bought a new position in shares of Western Copper & Gold in the 4th quarter worth about $303,000. Finally, Dauntless Investment Group LLC acquired a new position in shares of Western Copper & Gold in the 4th quarter valued at about $316,000. Institutional investors and hedge funds own 21.96% of the company's stock.

Western Copper & Gold Stock Performance

Shares of NYSE:WRN opened at $1.26 on Friday. Western Copper & Gold Corp has a 52-week low of $0.90 and a 52-week high of $1.45. The business's 50 day simple moving average is $1.11 and its two-hundred day simple moving average is $1.09. The firm has a market cap of $252 million, a P/E ratio of -63.00 and a beta of 1.22.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. HC Wainwright reaffirmed a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a research note on Friday, April 11th. Cormark upgraded shares of Western Copper & Gold to a "moderate buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets began coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an "outperform" rating on the stock. Finally, Wall Street Zen raised shares of Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Western Copper & Gold currently has a consensus rating of "Moderate Buy" and an average target price of $4.25.

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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