Stifel Canada upgraded shares of Western Copper & Gold (NYSE:WRN - Free Report) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.
A number of other equities analysts have also issued reports on WRN. HC Wainwright reaffirmed a "buy" rating and set a $4.25 target price on shares of Western Copper & Gold in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Western Copper & Gold to a "sell" rating in a research report on Wednesday, March 26th. Finally, Cormark raised shares of Western Copper & Gold to a "moderate buy" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $4.25.
Get Our Latest Analysis on WRN
Western Copper & Gold Trading Up 4.6%
NYSE:WRN traded up $0.06 during mid-day trading on Tuesday, hitting $1.37. 406,358 shares of the company's stock traded hands, compared to its average volume of 379,167. The firm has a market capitalization of $274.01 million, a price-to-earnings ratio of -68.50 and a beta of 1.16. The firm has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.09. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in Western Copper & Gold in the 4th quarter valued at $2,607,000. Russell Investments Group Ltd. boosted its position in shares of Western Copper & Gold by 42.3% during the 1st quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock valued at $980,000 after acquiring an additional 255,642 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of Western Copper & Gold during the 4th quarter valued at about $578,000. Goldman Sachs Group Inc. increased its stake in Western Copper & Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock valued at $555,000 after acquiring an additional 241,868 shares during the period. Finally, Dauntless Investment Group LLC acquired a new position in Western Copper & Gold in the fourth quarter worth about $316,000. 21.96% of the stock is owned by institutional investors.
Western Copper & Gold Company Profile
(
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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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