Western Copper & Gold Corp (NYSE:WRN) Receives $4.00 Average Price Target from Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have been given a consensus rating of "Buy" by the six analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.00.

Several research analysts have issued reports on WRN shares. HC Wainwright set a $4.00 target price on shares of Western Copper & Gold and gave the stock a "buy" rating in a report on Wednesday, June 18th. Stifel Canada upgraded shares of Western Copper & Gold to a "strong-buy" rating in a report on Tuesday, June 10th.

Western Copper & Gold Stock Performance

Western Copper & Gold stock traded up $0.01 during midday trading on Monday, hitting $1.24. 92,210 shares of the company's stock were exchanged, compared to its average volume of 363,927. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42. The firm has a 50-day moving average of $1.28 and a two-hundred day moving average of $1.16. The company has a market cap of $247.68 million, a PE ratio of -61.75 and a beta of 1.08.

Institutional Investors Weigh In On Western Copper & Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Western Copper & Gold in the 4th quarter valued at approximately $45,000. Russell Investments Group Ltd. raised its position in shares of Western Copper & Gold by 12.4% in the 4th quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company's stock valued at $634,000 after purchasing an additional 66,551 shares during the last quarter. Dauntless Investment Group LLC purchased a new position in shares of Western Copper & Gold in the 4th quarter valued at approximately $316,000. Lido Advisors LLC purchased a new position in shares of Western Copper & Gold in the 4th quarter valued at approximately $578,000. Finally, Tidal Investments LLC purchased a new position in shares of Western Copper & Gold in the 4th quarter valued at approximately $2,607,000. 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.