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

Western Copper & Gold Corp (NYSE:WRN - Get Free Report) has received an average rating of "Buy" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.25.

WRN has been the topic of several recent research reports. BMO Capital Markets assumed coverage on Western Copper & Gold in a research note on Thursday, January 23rd. They issued an "outperform" rating on the stock. StockNews.com raised shares of Western Copper & Gold to a "sell" rating in a research report on Wednesday, March 26th. HC Wainwright reissued a "buy" rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Friday, April 11th. Finally, Cormark raised shares of Western Copper & Gold to a "moderate buy" rating in a research note on Tuesday, February 18th.

Institutional Trading of Western Copper & Gold

Several hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Western Copper & Gold during the 4th quarter valued at $2,607,000. Lido Advisors LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter valued at about $578,000. Euro Pacific Asset Management LLC boosted its stake in shares of Western Copper & Gold by 57.4% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company's stock worth $1,149,000 after acquiring an additional 398,974 shares during the period. Dauntless Investment Group LLC purchased a new stake in shares of Western Copper & Gold during the fourth quarter worth about $316,000. Finally, Millstone Evans Group LLC bought a new stake in Western Copper & Gold during the 4th quarter valued at approximately $303,000. Institutional investors own 21.96% of the company's stock.

Western Copper & Gold Price Performance

WRN traded up $0.02 on Friday, hitting $1.10. The company had a trading volume of 294,730 shares, compared to its average volume of 328,199. The stock has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.09. The firm has a market capitalization of $220.00 million, a P/E ratio of -55.00 and a beta of 1.22. Western Copper & Gold has a 52-week low of $0.90 and a 52-week high of $1.66.

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.