HC Wainwright Reiterates "$4.00" Price Target for Western Copper & Gold (NYSE:WRN)

Western Copper & Gold (NYSE:WRN - Get Free Report) has been given a $4.00 price target by equities research analysts at HC Wainwright in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. HC Wainwright's target price indicates a potential upside of 225.20% from the stock's previous close.

Other analysts also recently issued reports about the stock. Stifel Canada raised shares of Western Copper & Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th. Finally, Cormark raised shares of Western Copper & Gold to a "moderate buy" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Western Copper & Gold currently has an average rating of "Buy" and a consensus price target of $4.00.

Western Copper & Gold Trading Down 8.2%

NYSE:WRN traded down $0.11 during trading hours on Wednesday, hitting $1.23. 447,082 shares of the stock traded hands, compared to its average volume of 377,488. The firm has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.10. Western Copper & Gold has a fifty-two week low of $0.90 and a fifty-two week high of $1.42. The firm has a market cap of $246.01 million, a price-to-earnings ratio of -61.50 and a beta of 1.16.

Hedge Funds Weigh In On Western Copper & Gold

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold in the fourth quarter worth $45,000. Virtu Financial LLC bought a new stake in Western Copper & Gold in the fourth quarter worth $64,000. Russell Investments Group Ltd. increased its position in Western Copper & Gold by 12.4% during the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company's stock worth $634,000 after buying an additional 66,551 shares during the last quarter. Tidal Investments LLC acquired a new position in Western Copper & Gold during the fourth quarter worth $2,607,000. Finally, Lido Advisors LLC acquired a new position in Western Copper & Gold during the fourth quarter worth $578,000. 21.96% of the stock is owned by institutional investors and hedge funds.

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.