Western Copper & Gold Corp (NYSE:WRN) Receives Average Recommendation of “Buy” from Analysts

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

WRN has been the subject of several recent analyst reports. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. BMO Capital Markets started coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating for the company. Canaccord Genuity Group started coverage on shares of Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Wednesday, December 18th.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently raised its stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC grew its holdings in Western Copper & Gold Corp (NYSE:WRN) by 57.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,094,474 shares of the company’s stock after purchasing an additional 398,974 shares during the quarter. Euro Pacific Asset Management LLC owned 0.55% of Western Copper & Gold worth $1,149,000 at the end of the most recent reporting period. 21.96% of the stock is currently owned by hedge funds and other institutional investors.

Western Copper & Gold Trading Down 2.9 %

Western Copper & Gold stock opened at $1.01 on Thursday. Western Copper & Gold has a 12-month low of $0.95 and a 12-month high of $1.66. The firm has a market capitalization of $200.37 million, a PE ratio of -50.50 and a beta of 1.83. The stock’s 50-day moving average price is $1.07.

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.