Brokerages Set Western Copper & Gold Corp (NYSE:WRN) Target Price at $4.25

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.25.

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

Western Copper & Gold Stock Down 3.4 %

Shares of Western Copper & Gold stock traded down $0.04 during trading on Friday, reaching $1.12. The company's stock had a trading volume of 53,049 shares, compared to its average volume of 325,208. The firm has a market cap of $224.22 million, a PE ratio of -56.06 and a beta of 1.22. The business's 50-day moving average price is $1.09 and its 200-day moving average price is $1.09. Western Copper & Gold has a 52 week low of $0.90 and a 52 week high of $1.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Western Copper & Gold during the 4th quarter valued at about $45,000. Advisory Alpha LLC bought a new position in shares of Western Copper & Gold in the fourth quarter worth approximately $48,000. Virtu Financial LLC bought a new stake in shares of Western Copper & Gold during the fourth quarter valued at approximately $64,000. SBI Securities Co. Ltd. grew its holdings in shares of Western Copper & Gold by 255.5% in the first quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock valued at $85,000 after purchasing an additional 53,570 shares in the last quarter. Finally, Sweeney & Michel LLC purchased a new stake in Western Copper & Gold in the 1st quarter worth about $87,000. Hedge funds and other institutional investors own 21.96% of the company's stock.

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.