HC Wainwright Has Positive Forecast for WRN FY2025 Earnings

Western Copper & Gold Corp (NYSE:WRN - Free Report) - Equities researchers at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for Western Copper & Gold in a report released on Wednesday, June 18th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.01) per share for the year, up from their previous estimate of ($0.02). HC Wainwright currently has a "Buy" rating and a $4.00 target price on the stock. The consensus estimate for Western Copper & Gold's current full-year earnings is ($0.03) per share.

Several other equities research analysts have also recently commented on WRN. Wall Street Zen upgraded Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th. Stifel Canada upgraded shares of Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Western Copper & Gold has an average rating of "Buy" and a consensus target price of $4.00.

Western Copper & Gold Trading Down 8.2%

WRN stock opened at $1.23 on Monday. The company has a market capitalization of $246.01 million, a P/E ratio of -61.50 and a beta of 1.16. Western Copper & Gold has a twelve month low of $0.90 and a twelve month high of $1.42. The business has a 50 day simple moving average of $1.18 and a 200-day simple moving average of $1.10.

Hedge Funds Weigh In On Western Copper & Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in WRN. Raymond James Financial Inc. purchased a new position in Western Copper & Gold in the fourth quarter worth $45,000. Virtu Financial LLC purchased a new position in Western Copper & Gold in the fourth quarter worth $64,000. SBI Securities Co. Ltd. raised its position in Western Copper & Gold by 255.5% in the first quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock worth $85,000 after acquiring an additional 53,570 shares in the last quarter. Sweeney & Michel LLC purchased a new position in Western Copper & Gold in the first quarter worth $87,000. Finally, Millstone Evans Group LLC purchased a new position in Western Copper & Gold in the fourth quarter worth $303,000. Institutional investors and hedge funds own 21.96% of the company's stock.

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.

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