Western Copper & Gold Corp $WRN Shares Sold by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management LLC reduced its holdings in Western Copper & Gold Corp by 72.4%, now owning only 292,637 shares after selling 767,714 shares during Q2.
• Several institutional investors increased their positions in Western Copper & Gold, with SBI Securities growing its stake by 255.5% and Goldman Sachs increasing its holdings by 98% in the same period.
• Western Copper & Gold's stock is currently rated as a "buy" by analysts, with an average price target of $4.25, significantly higher than its current trading price of $2.00.

Euro Pacific Asset Management LLC cut its holdings in shares of Western Copper & Gold Corp (NYSE:WRN - Free Report) by 72.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,637 shares of the company's stock after selling 767,714 shares during the quarter. Euro Pacific Asset Management LLC owned approximately 0.15% of Western Copper & Gold worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in shares of Western Copper & Gold by 255.5% during the first 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. Goldman Sachs Group Inc. grew its holdings 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 worth $555,000 after acquiring an additional 241,868 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Western Copper & Gold by 42.3% during the 1st quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock worth $980,000 after acquiring an additional 255,642 shares in the last quarter. 21.96% of the stock is currently owned by hedge funds and other institutional investors.

Western Copper & Gold Stock Performance

WRN stock opened at $2.00 on Monday. Western Copper & Gold Corp has a 1 year low of $0.90 and a 1 year high of $2.06. The stock has a market capitalization of $403.31 million, a price-to-earnings ratio of -100.00 and a beta of 1.13. The stock's fifty day moving average is $1.50 and its two-hundred day moving average is $1.30.

Wall Street Analyst Weigh In

WRN has been the topic of a number of recent analyst reports. Stifel Canada upgraded shares of Western Copper & Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. HC Wainwright boosted their price objective on Western Copper & Gold from $4.00 to $4.25 and gave the company a "buy" rating in a report on Friday, September 26th. One 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.com, the company has an average rating of "Buy" and an average price target of $4.25.

Western Copper & Gold 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.

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