Analysts Set Western Copper & Gold Corp (NYSE:WRN) Target Price at $4.25

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $4.25.

Several equities analysts recently weighed in on WRN shares. HC Wainwright reaffirmed a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a research report on Tuesday, February 18th. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating on the stock. Cormark upgraded shares of Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. BMO Capital Markets assumed coverage on Western Copper & Gold in a report on Thursday, January 23rd. They set an “outperform” rating on the stock. Finally, Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company.

Western Copper & Gold Price Performance

Shares of WRN stock opened at $1.15 on Friday. Western Copper & Gold has a fifty-two week low of $0.98 and a fifty-two week high of $1.66. The stock’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.11. The firm has a market cap of $228.19 million, a P/E ratio of -57.50 and a beta of 1.77.

Institutional Investors Weigh In On Western Copper & Gold

A number of hedge funds have recently bought and sold shares of WRN. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold during the fourth quarter worth approximately $45,000. Advisory Alpha LLC bought a new position in Western Copper & Gold during the fourth quarter worth $48,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the 4th quarter valued at $64,000. Millstone Evans Group LLC bought a new stake in Western Copper & Gold in the 4th quarter valued at $303,000. Finally, Dauntless Investment Group LLC acquired a new stake in Western Copper & Gold in the 4th quarter worth $316,000. 21.96% of the stock is currently owned by institutional investors.

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.