Analysts Set Western Copper & Gold Corp (NYSE:WRN) Price Target at $4.00

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

WRN has been the topic of several research reports. HC Wainwright set a $4.00 price objective on shares of Western Copper & Gold and gave the company a "buy" rating in a research report on Wednesday, June 18th. Stifel Canada upgraded shares of Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Western Copper & Gold to a "sell" rating in a research report on Wednesday, March 26th.

Western Copper & Gold Trading Up 1.6%

Shares of Western Copper & Gold stock traded up $0.02 on Thursday, hitting $1.27. 114,827 shares of the company traded hands, compared to its average volume of 371,987. The firm's 50-day simple moving average is $1.23 and its 200 day simple moving average is $1.13. The company has a market cap of $254.29 million, a P/E ratio of -63.50 and a beta of 1.17. Western Copper & Gold has a 12-month low of $0.90 and a 12-month high of $1.42.

Hedge Funds Weigh In On Western Copper & Gold

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Western Copper & Gold during the fourth quarter valued at about $45,000. Virtu Financial LLC bought a new position in shares of Western Copper & Gold during the fourth quarter valued at about $64,000. SBI Securities Co. Ltd. raised its stake in shares of Western Copper & Gold by 255.5% during the first quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock valued at $85,000 after acquiring an additional 53,570 shares during the last quarter. Sweeney & Michel LLC bought a new position in shares of Western Copper & Gold during the first quarter valued at about $87,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Western Copper & Gold in the 4th quarter worth about $303,000. Hedge funds and other institutional investors own 21.96% of the company's stock.

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.