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

Western Copper & Gold Corp (NYSE:WRN - Get Free Report) has received a consensus recommendation of "Buy" from the six research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.00.

A number of equities research analysts have issued reports on the company. Stifel Canada raised Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. HC Wainwright set a $4.00 price target on Western Copper & Gold and gave the company a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new position in shares of Western Copper & Gold in the fourth quarter worth about $2,607,000. Russell Investments Group Ltd. lifted its stake in shares of Western Copper & Gold by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock worth $980,000 after acquiring an additional 255,642 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Western Copper & Gold in the fourth quarter worth about $578,000. Goldman Sachs Group Inc. lifted its stake in shares of Western Copper & Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock worth $555,000 after acquiring an additional 241,868 shares in the last quarter. Finally, Dauntless Investment Group LLC acquired a new position in shares of Western Copper & Gold in the fourth quarter worth about $316,000. Institutional investors and hedge funds own 21.96% of the company's stock.

Western Copper & Gold Price Performance

WRN stock traded down $0.11 during trading on Friday, reaching $1.23. 447,082 shares of the stock traded hands, compared to its average volume of 377,488. The business's 50 day moving average price is $1.18 and its 200-day moving average price is $1.10. Western Copper & Gold has a 52-week low of $0.90 and a 52-week high of $1.42. The firm has a market capitalization of $246.01 million, a PE ratio of -61.50 and a beta of 1.16.

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.