Russell Investments Group Ltd. Has $980,000 Stake in 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. lifted its stake in Western Copper & Gold Corp (NYSE:WRN - Free Report) by 42.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 859,785 shares of the company's stock after buying an additional 255,642 shares during the period. Russell Investments Group Ltd. owned about 0.43% of Western Copper & Gold worth $980,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold in the 4th quarter worth approximately $45,000. SBI Securities Co. Ltd. raised its holdings in shares of 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. Sweeney & Michel LLC acquired a new position in shares of Western Copper & Gold in the 1st quarter worth approximately $87,000. Lido Advisors LLC acquired a new position in shares of Western Copper & Gold in the 4th quarter worth approximately $578,000. Finally, Tidal Investments LLC acquired a new position in shares of Western Copper & Gold in the 4th quarter worth approximately $2,607,000. 21.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WRN. 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, June 18th. Stifel Canada upgraded Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $4.00.

Western Copper & Gold Stock Performance

WRN stock traded down $0.02 during midday trading on Thursday, hitting $1.49. 501,264 shares of the company's stock were exchanged, compared to its average volume of 381,222. The stock's fifty day moving average price is $1.30 and its 200-day moving average price is $1.19. The company has a market cap of $298.83 million, a PE ratio of -74.50 and a beta of 1.07. Western Copper & Gold Corp has a one year low of $0.90 and a one year high of $1.58.

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.