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

Shares of Western Copper & Gold Corp (NYSE:WRN - Get Free Report) have been assigned an average recommendation of "Buy" from the five research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.25.

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Western Copper & Gold to a "sell" rating in a report on Wednesday, March 26th. HC Wainwright reaffirmed a "buy" rating and issued a $4.25 target price on shares of Western Copper & Gold in a report on Friday, April 11th. Finally, Cormark upgraded shares of Western Copper & Gold to a "moderate buy" rating in a research note on Tuesday, February 18th.

Institutional Trading of Western Copper & Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Western Copper & Gold in the 4th quarter worth about $45,000. SBI Securities Co. Ltd. grew its stake in Western Copper & Gold by 255.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company's stock worth $85,000 after acquiring an additional 53,570 shares in the last quarter. Virtu Financial LLC bought a new position in Western Copper & Gold in the 4th quarter worth about $64,000. Russell Investments Group Ltd. boosted its stake in shares of Western Copper & Gold by 12.4% during the fourth 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 in the last quarter. Finally, Sweeney & Michel LLC bought a new position in shares of Western Copper & Gold during the first quarter valued at approximately $87,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

Western Copper & Gold Stock Up 0.9%

Shares of WRN traded up $0.01 during trading hours on Wednesday, reaching $1.15. 275,566 shares of the company traded hands, compared to its average volume of 372,678. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42. The company has a market capitalization of $230.00 million, a price-to-earnings ratio of -57.50 and a beta of 1.22. The company's fifty day moving average price is $1.12 and its two-hundred day moving average price is $1.09.

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.