HC Wainwright Reiterates “Buy” Rating for Western Copper & Gold (NYSE:WRN)

Western Copper & Gold (NYSE:WRN)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $4.25 price target on the stock. HC Wainwright’s price target indicates a potential upside of 304.76% from the company’s current price.

Other research analysts have also issued reports about the stock. National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating on the stock. Canaccord Genuity Group began coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Western Copper & Gold presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Performance

Shares of Western Copper & Gold stock traded down $0.04 on Wednesday, hitting $1.05. The stock had a trading volume of 187,702 shares, compared to its average volume of 220,791. The firm has a 50-day moving average of $1.15. The firm has a market cap of $208.15 million, a PE ratio of -52.50 and a beta of 1.84. Western Copper & Gold has a one year low of $0.95 and a one year high of $1.66.

Institutional Trading of Western Copper & Gold

An institutional investor recently bought a new position in Western Copper & Gold stock. Euro Pacific Asset Management LLC bought a new position in Western Copper & Gold Corp (NYSE:WRN) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned approximately 0.35% of Western Copper & Gold at the end of the most recent quarter. 21.96% of the stock is owned by hedge funds and other institutional investors.

Western Copper & Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.