Western Copper & Gold (NYSE:WRN) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Western Copper & Gold (NYSE:WRN) to a sell rating in a research note released on Wednesday morning.

Several other equities research analysts have also recently weighed in on WRN. HC Wainwright reaffirmed a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research report on Tuesday, February 18th. Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. Canaccord Genuity Group started coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Canaccord Genuity Group began coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, BMO Capital Markets began coverage on Western Copper & Gold in a research note on Thursday, January 23rd. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Price Performance

WRN stock opened at $1.17 on Wednesday. Western Copper & Gold has a 1-year low of $0.98 and a 1-year high of $1.66. The business has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.11. The company has a market capitalization of $232.16 million, a P/E ratio of -58.50 and a beta of 1.77.

Hedge Funds Weigh In On Western Copper & Gold

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

About Western Copper & Gold

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.