Western Copper & Gold Corp (NYSE:WRN) Receives $4.25 Average Price Target from Analysts

Western Copper & Gold Corp (NYSE:WRN) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.25.

Separately, HC Wainwright raised their price target on shares of Western Copper & Gold from $4.00 to $4.25 and gave the stock a “buy” rating in a research note on Friday, September 26th.

Western Copper & Gold Price Performance

WRN stock opened at $2.07 on Wednesday. The stock has a market capitalization of $417.42 million, a P/E ratio of -103.50 and a beta of 1.12. Western Copper & Gold has a fifty-two week low of $0.90 and a fifty-two week high of $2.56. The business has a 50-day moving average of $2.04 and a 200-day moving average of $1.55.

Institutional Investors Weigh In On Western Copper & Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in shares of Western Copper & Gold during the 3rd quarter worth about $98,000. Tidal Investments LLC increased its position in shares of Western Copper & Gold by 33.0% in the third quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock valued at $6,616,000 after acquiring an additional 833,348 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in Western Copper & Gold during the third quarter worth about $632,000. Millennium Management LLC boosted its position in Western Copper & Gold by 52.4% during the third quarter. Millennium Management LLC now owns 253,027 shares of the company’s stock valued at $499,000 after purchasing an additional 87,024 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Western Copper & Gold during the third quarter valued at approximately $31,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

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.