Western Copper & Gold’s (WRN) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a research note published on Friday morning,Benzinga reports. The firm currently has a $4.25 target price on the stock.

WRN has been the subject of a number of other research reports. BMO Capital Markets began coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They issued an “outperform” rating for the company. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Wednesday, March 26th. Finally, Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Trading Up 6.9 %

Shares of NYSE WRN opened at $1.08 on Friday. The stock’s 50-day moving average is $1.06 and its 200 day moving average is $1.10. The stock has a market cap of $216 million, a price-to-earnings ratio of -54.00 and a beta of 1.62. Western Copper & Gold has a 1-year low of $0.90 and a 1-year high of $1.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Western Copper & Gold during the 4th quarter valued at $45,000. Advisory Alpha LLC purchased a new position in shares of Western Copper & Gold during the fourth quarter valued at about $48,000. Virtu Financial LLC bought a new position in Western Copper & Gold in the fourth quarter worth about $64,000. Sweeney & Michel LLC purchased a new stake in Western Copper & Gold in the first quarter worth about $87,000. Finally, Millstone Evans Group LLC bought a new stake in Western Copper & Gold during the 4th quarter valued at approximately $303,000. Institutional investors own 21.96% of the company’s stock.

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.