Western Copper & Gold Corp (NYSE:WRN) Receives $4.00 Consensus Target Price from Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN) have been given an average rating of “Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.00.

A number of research firms recently weighed in on WRN. HC Wainwright set a $4.00 price target on Western Copper & Gold and gave the company a “buy” rating in a report on Wednesday, June 18th. Stifel Canada raised Western Copper & Gold to a “strong-buy” rating in a report on Tuesday, June 10th. Finally, Wall Street Zen raised Western Copper & Gold to a “sell” rating in a report on Wednesday, March 26th.

Western Copper & Gold Trading Down 0.8%

Shares of WRN opened at $1.23 on Friday. Western Copper & Gold has a 1 year low of $0.90 and a 1 year high of $1.42. The stock has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.11. The stock has a market cap of $246.01 million, a PE ratio of -61.50 and a beta of 1.16.

Institutional Investors Weigh In On Western Copper & Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of WRN. Tidal Investments LLC acquired a new stake in Western Copper & Gold during the 4th quarter valued at $2,607,000. Lido Advisors LLC bought a new position in Western Copper & Gold in the 4th quarter valued at $578,000. Dauntless Investment Group LLC bought a new position in Western Copper & Gold in the 4th quarter valued at $316,000. Millstone Evans Group LLC bought a new position in Western Copper & Gold in the 4th quarter valued at $303,000. Finally, Russell Investments Group Ltd. boosted its position in Western Copper & Gold by 42.3% in the 1st quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company’s stock valued at $980,000 after buying an additional 255,642 shares during the last quarter. 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.