Western Copper & Gold (NYSE:WRN - Get Free Report) had its target price lifted by investment analysts at HC Wainwright from $4.00 to $4.25 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price objective points to a potential upside of 129.73% from the company's current price.
Separately, Stifel Canada raised shares of Western Copper & Gold to a "strong-buy" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $4.25.
Read Our Latest Analysis on WRN
Western Copper & Gold Trading Up 1.1%
WRN opened at $1.85 on Friday. The firm's fifty day simple moving average is $1.43 and its 200 day simple moving average is $1.26. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.97. The stock has a market capitalization of $373.06 million, a P/E ratio of -92.50 and a beta of 1.07.
Hedge Funds Weigh In On Western Copper & Gold
Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in Western Copper & Gold by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company's stock worth $980,000 after buying an additional 255,642 shares during the last quarter. 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 purchasing an additional 241,868 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Western Copper & Gold in the second quarter valued at $271,000. 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 in the last quarter. Finally, Marex Group plc bought a new stake in Western Copper & Gold in the second quarter valued at $143,000. Institutional investors and hedge funds own 21.96% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Western Copper & Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Copper & Gold wasn't on the list.
While Western Copper & Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
