HC Wainwright Has Negative Forecast for WRN FY2024 Earnings

Western Copper & Gold Corp (NYSE:WRN) – HC Wainwright lowered their FY2024 EPS estimates for Western Copper & Gold in a report issued on Wednesday, December 18th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.03) for the year, down from their prior estimate of ($0.02). HC Wainwright has a “Buy” rating and a $4.25 price target on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

Other equities analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. 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 shares of Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating on the stock. Finally, Canaccord Genuity Group assumed coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Price Performance

Shares of NYSE:WRN opened at $1.04 on Monday. The company has a 50 day moving average price of $1.13. Western Copper & Gold has a 1 year low of $0.95 and a 1 year high of $1.66. The company has a market capitalization of $205.17 million, a PE ratio of -51.75 and a beta of 1.84.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC bought a new position in Western Copper & Gold Corp (NYSE:WRN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,450 shares of the company’s stock, valued at approximately $31,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

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.