Western Copper & Gold Corp (NYSE:WRN - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 1,011,774 shares changed hands during mid-day trading, an increase of 114% from the previous session's volume of 473,290 shares.The stock last traded at $2.50 and had previously closed at $2.47.
Wall Street Analyst Weigh In
Separately, HC Wainwright raised their price objective on shares of Western Copper & Gold from $4.00 to $4.25 and gave the company a "buy" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, Western Copper & Gold presently has an average rating of "Buy" and an average price target of $4.25.
Get Our Latest Stock Analysis on WRN
Western Copper & Gold Stock Performance
The stock's 50-day moving average is $1.66 and its 200 day moving average is $1.36. The stock has a market capitalization of $506.15 million, a PE ratio of -125.50 and a beta of 1.13.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in shares of Western Copper & Gold by 42.3% in the 1st quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock valued at $980,000 after buying an additional 255,642 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Western Copper & Gold by 98.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock worth $555,000 after purchasing an additional 241,868 shares during the last quarter. Euro Pacific Asset Management LLC increased its stake in Western Copper & Gold by 33.7% in the third quarter. Euro Pacific Asset Management LLC now owns 391,308 shares of the company's stock valued at $786,000 after purchasing an additional 98,671 shares during the period. Quadrature Capital Ltd acquired a new position in Western Copper & Gold in the second quarter valued at $271,000. Finally, Bank of America Corp DE increased its stake in Western Copper & Gold by 1,579.4% in the second quarter. Bank of America Corp DE now owns 124,276 shares of the company's stock valued at $155,000 after purchasing an additional 116,876 shares during the period. 21.96% of the stock is owned by hedge funds and other institutional investors.
About Western Copper & Gold
(
Get Free Report)
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.
Further Reading
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