Western Copper & Gold Corp (NYSE:WRN) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Western Copper & Gold Corp (NYSE:WRN) has received a consensus rating of "Buy" from six brokerages, with a price target of $4.00 over the next twelve months.
• Recent institutional activity includes significant stakes being increased by firms such as XTX Topco Ltd, which boosted its position by 317.9% in the second quarter.
• The company's shares opened at $1.49 and have seen a 52-week price range between $0.90 and $1.58.

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have been given an average recommendation of "Buy" by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.00.

Several equities research analysts recently weighed in on WRN shares. 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 target price on Western Copper & Gold and gave the company a "buy" rating in a report on Wednesday, June 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WRN. Raymond James Financial Inc. raised its position in Western Copper & Gold by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company's stock worth $67,000 after purchasing an additional 10,000 shares during the last quarter. Wealth Management Associates Inc. raised its position in Western Copper & Gold by 42.8% during the 2nd quarter. Wealth Management Associates Inc. now owns 63,400 shares of the company's stock worth $79,000 after purchasing an additional 19,000 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Western Copper & Gold by 25.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 93,757 shares of the company's stock worth $117,000 after purchasing an additional 19,221 shares during the last quarter. Jane Street Group LLC bought a new position in Western Copper & Gold during the 2nd quarter worth $45,000. Finally, XTX Topco Ltd raised its position in shares of Western Copper & Gold by 317.9% in the 2nd quarter. XTX Topco Ltd now owns 50,877 shares of the company's stock worth $64,000 after acquiring an additional 38,704 shares in the last quarter. 21.96% of the stock is currently owned by institutional investors.

Western Copper & Gold Stock Up 1.3%

Shares of Western Copper & Gold stock traded up $0.02 on Friday, hitting $1.51. The stock had a trading volume of 206,610 shares, compared to its average volume of 380,242. The stock has a market cap of $304.49 million, a price-to-earnings ratio of -75.50 and a beta of 1.07. The business's 50 day moving average is $1.31 and its two-hundred day moving average is $1.20. Western Copper & Gold has a twelve month low of $0.90 and a twelve month 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.