Western Copper and Gold (NYSEAMERICAN:WRN) Shares Down 6.8% – Should You Sell?

Shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) were down 6.8% during mid-day trading on Tuesday . The company traded as low as $2.54 and last traded at $2.5350. Approximately 580,608 shares traded hands during trading, a decline of 72% from the average daily volume of 2,055,781 shares. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $5.75 target price on shares of Western Copper and Gold in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $5.75.

Western Copper and Gold Price Performance

The stock has a market cap of $617.30 million, a P/E ratio of -91.20 and a beta of 1.21. The firm’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $2.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WRN. International Assets Investment Management LLC bought a new position in shares of Western Copper and Gold in the third quarter worth $25,000. Dimensional Fund Advisors LP bought a new position in shares of Western Copper and Gold in the fourth quarter worth $28,000. Jones Financial Companies Lllp bought a new position in shares of Western Copper and Gold in the third quarter worth $30,000. Centiva Capital LP bought a new position in shares of Western Copper and Gold in the third quarter worth $31,000. Finally, Jane Street Group LLC bought a new position in shares of Western Copper and Gold in the second quarter worth $45,000. Institutional investors own 21.96% of the company’s stock.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.