Western Copper & Gold (NYSE:WRN) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $4.25 price objective on the stock.

WRN has been the subject of several other reports. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating on the stock. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets assumed coverage on shares of Western Copper & Gold in a report on Thursday, January 23rd. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Trading Up 2.9 %

Shares of WRN stock opened at $1.05 on Tuesday. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.12. The company has a market capitalization of $208.31 million, a price-to-earnings ratio of -52.50 and a beta of 1.81. Western Copper & Gold has a twelve month low of $0.95 and a twelve month high of $1.66.

Institutional Trading of Western Copper & Gold

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

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.