Western Copper & Gold Corp (NYSE:WRN) Given Average Rating of "Buy" by Analysts

Key Points

• Western Copper & Gold Corp. (NYSE:WRN) has received an average consensus rating of "Buy" from five analysts, with four recommending buy and one a strong buy.
• The average twelve-month price target for WRN shares is $4.25, reflecting optimism about the company's future performance.
• Recent institutional trading includes significant stake increases, particularly with XTX Topco Ltd raising their ownership by 317.9%, showcasing growing investor interest.

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have earned a consensus rating of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.25.

A number of research analysts recently weighed in on the company. HC Wainwright upped their price target on Western Copper & Gold from $4.00 to $4.25 and gave the stock a "buy" rating in a research note on Friday. Stifel Canada raised Western Copper & Gold to a "strong-buy" rating in a research note on Tuesday, June 10th.

Western Copper & Gold Stock Performance

WRN stock opened at $1.98 on Tuesday. The stock's 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.27. Western Copper & Gold has a fifty-two week low of $0.90 and a fifty-two week high of $2.05. The company has a market cap of $399.27 million, a P/E ratio of -99.00 and a beta of 1.07.

Institutional Trading of Western Copper & Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Western Copper & Gold in the second quarter worth approximately $45,000. XTX Topco Ltd raised its stake in shares of Western Copper & Gold by 317.9% in the second quarter. XTX Topco Ltd now owns 50,877 shares of the company's stock worth $64,000 after purchasing an additional 38,704 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Western Copper & Gold by 23.1% in the second 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. increased its position in shares of Western Copper & Gold by 42.8% during the second quarter. Wealth Management Associates Inc. now owns 63,400 shares of the company's stock valued at $79,000 after acquiring an additional 19,000 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Western Copper & Gold during the second quarter valued at approximately $87,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

About Western Copper & Gold

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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