Brokerages Set Western Copper & Gold Corp (NYSE:WRN) PT at $4.25

Shares of Western Copper & Gold Corp (NYSE:WRN) have earned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.25.

A number of analysts have weighed in on WRN shares. HC Wainwright reissued a “buy” rating and set a $4.25 target price on shares of Western Copper & Gold in a research report on Friday. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating for the company. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a report on Wednesday, March 26th. Finally, Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th.

Western Copper & Gold Trading Up 4.6 %

NYSE WRN opened at $1.13 on Tuesday. The firm has a market capitalization of $226.00 million, a PE ratio of -56.50 and a beta of 1.62. The business’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $1.09. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold during the fourth quarter valued at about $45,000. Advisory Alpha LLC bought a new stake in Western Copper & Gold in the 4th quarter valued at about $48,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the 4th quarter worth approximately $64,000. Sweeney & Michel LLC bought a new position in Western Copper & Gold in the first quarter worth approximately $87,000. Finally, Millstone Evans Group LLC acquired a new stake in Western Copper & Gold in the fourth quarter valued at approximately $303,000. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Company Profile

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.