Western Copper & Gold (NYSE:WRN) Given New $4.00 Price Target at HC Wainwright

Western Copper & Gold (NYSE:WRN - Get Free Report) had its target price dropped by equities researchers at HC Wainwright from $4.25 to $4.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's price objective indicates a potential upside of 198.51% from the stock's previous close.

WRN has been the subject of several other reports. Wall Street Zen upgraded shares of Western Copper & Gold to a "sell" rating in a research note on Wednesday, March 26th. Stifel Canada upgraded shares of Western Copper & Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. Finally, Cormark upgraded shares of Western Copper & Gold to a "moderate buy" rating in a research note on Tuesday, February 18th. One 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 company's stock. According to MarketBeat, Western Copper & Gold has an average rating of "Buy" and an average target price of $4.00.

Western Copper & Gold Trading Down 2.2%

NYSE:WRN opened at $1.34 on Wednesday. The company has a 50-day moving average price of $1.17 and a 200-day moving average price of $1.10. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42. The stock has a market cap of $268.01 million, a price-to-earnings ratio of -67.00 and a beta of 1.16.

Hedge Funds Weigh In On Western Copper & Gold

Several large investors have recently added to or reduced their stakes in WRN. Raymond James Financial Inc. bought a new stake in shares of Western Copper & Gold during the fourth quarter valued at approximately $45,000. Virtu Financial LLC purchased a new stake in shares of Western Copper & Gold during the fourth quarter valued at $64,000. SBI Securities Co. Ltd. boosted 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 purchasing an additional 53,570 shares during the period. Sweeney & Michel LLC purchased a new stake in shares of Western Copper & Gold during the first quarter valued at $87,000. Finally, Millstone Evans Group LLC purchased a new stake in Western Copper & Gold in the fourth 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.

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