Shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $2.36 and traded as low as $2.20. Western Copper and Gold shares last traded at $2.24, with a volume of 951,617 shares.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $5.75 price objective on shares of Western Copper and Gold in a report on Friday, September 4th. UBS Group reiterated a "buy" rating and set a $5.25 target price on shares of Western Copper and Gold in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Western Copper and Gold has an average rating of "Buy" and an average target price of $5.50.
Check Out Our Latest Analysis on WRN
Western Copper and Gold Price Performance
The stock has a market capitalization of $505.88 million, a P/E ratio of -112.00 and a beta of 1.32. The stock has a fifty day moving average price of $2.36 and a 200 day moving average price of $2.51.
Institutional Trading of Western Copper and Gold
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Western Copper and Gold by 41.7% in the 2nd quarter. Tidal Investments LLC now owns 8,466,144 shares of the company's stock worth $18,964,000 after buying an additional 2,490,255 shares during the last quarter. Euro Pacific Asset Management LLC boosted its stake in Western Copper and Gold by 133.9% in the first quarter. Euro Pacific Asset Management LLC now owns 2,421,617 shares of the company's stock worth $5,999,000 after buying an additional 1,386,111 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Western Copper and Gold by 29.7% during the first quarter. Bank of America Corp DE now owns 2,142,600 shares of the company's stock worth $5,421,000 after acquiring an additional 490,061 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Western Copper and Gold by 1,464.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,654,741 shares of the company's stock worth $4,197,000 after acquiring an additional 1,548,938 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Western Copper and Gold in the 1st quarter worth approximately $2,249,000. Institutional investors own 21.96% of the company's stock.
Western Copper and Gold Company Profile
(
Get Free Report)
Western Copper and Gold Corporation is a Canadian mineral exploration and development company focused on advancing the Casino project in Yukon, Canada. The company is not a diversified mining producer; its primary business is the exploration, evaluation and potential development of mineral resources.
The Casino project is a large polymetallic porphyry deposit containing copper, gold, molybdenum and silver. Western Copper and Gold's activities include geological studies, engineering and permitting work intended to assess and advance the project toward future mine development.
The company's operations are concentrated in Yukon, where the Casino property is located in the traditional territory of the Tr'ondëk Hwëch'in and Selkirk First Nations.
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