Russell Investments Group Ltd. Buys 255,642 Shares of Western Copper & Gold Corp $WRN

Key Points

• Russell Investments Group Ltd. increased its holdings in Western Copper & Gold Corp by 42.3%, acquiring a total of 859,785 shares valued at approximately $980,000.
• Western Copper & Gold has received a majority of positive ratings from analysts, with a current average rating of "Buy" and a consensus target price of $4.00.
• The company's stock showed volatility, opening at $1.41 recently, with a one-year low and high of $0.90 and $1.44, respectively.

Russell Investments Group Ltd. grew its position in shares of Western Copper & Gold Corp (NYSE:WRN - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 859,785 shares of the company's stock after purchasing an additional 255,642 shares during the quarter. Russell Investments Group Ltd. owned about 0.43% of Western Copper & Gold worth $980,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Western Copper & Gold during the 4th quarter worth approximately $45,000. SBI Securities Co. Ltd. raised its holdings in Western Copper & Gold by 255.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock worth $85,000 after purchasing an additional 53,570 shares during the last quarter. Sweeney & Michel LLC bought a new position in Western Copper & Gold during the 1st quarter worth approximately $87,000. Lido Advisors LLC bought a new position in Western Copper & Gold during the 4th quarter worth approximately $578,000. Finally, Tidal Investments LLC bought a new position in Western Copper & Gold during the 4th quarter worth approximately $2,607,000. Institutional investors own 21.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently 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. HC Wainwright set a $4.00 price objective on shares of Western Copper & Gold and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $4.00.

Western Copper & Gold Price Performance

Shares of WRN traded down $0.01 during midday trading on Monday, hitting $1.41. 519,590 shares of the company traded hands, compared to its average volume of 376,114. The stock has a 50-day moving average of $1.29 and a 200-day moving average of $1.18. Western Copper & Gold Corp has a one year low of $0.90 and a one year high of $1.44. The firm has a market cap of $282.78 million, a P/E ratio of -70.50 and a beta of 1.07.

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.