Western Copper & Gold Corp (NYSE:WRN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN) have earned an average rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.25.

A number of research firms have recently weighed in on WRN. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. Cormark raised Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating for the company. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a report on Thursday, January 23rd. They issued an “outperform” rating for the company.

Western Copper & Gold Price Performance

NYSE:WRN opened at $1.08 on Friday. Western Copper & Gold has a 1-year low of $0.98 and a 1-year high of $1.66. The company has a market capitalization of $214.30 million, a price-to-earnings ratio of -54.00 and a beta of 1.77. The business has a 50 day moving average of $1.05 and a 200 day moving average of $1.11.

Hedge Funds Weigh In On Western Copper & Gold

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in shares of Western Copper & Gold in the 4th quarter worth $2,607,000. Lido Advisors LLC bought a new stake in shares of Western Copper & Gold during the 4th quarter valued at about $578,000. Dauntless Investment Group LLC purchased a new stake in Western Copper & Gold during the fourth quarter valued at approximately $316,000. Raymond James Financial Inc. purchased a new stake in shares of Western Copper & Gold in the 4th quarter worth $45,000. Finally, Russell Investments Group Ltd. increased its position in Western Copper & Gold by 12.4% in the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock worth $634,000 after buying an additional 66,551 shares in the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

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.