Western Copper & Gold (NYSE:WRN) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Western Copper & Gold (NYSE:WRN) in a research note issued to investors on Monday. The brokerage issued a speculative buy rating on the stock.

A number of other research analysts have also recently issued reports on the stock. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research note on Monday. They set a “speculative buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a report on Tuesday, September 17th. Finally, National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Price Performance

Shares of Western Copper & Gold stock opened at $1.11 on Monday. 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 $219.05 million, a P/E ratio of -55.25 and a beta of 1.84. The business’s 50-day moving average price is $1.16.

Institutional Inflows and Outflows

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

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.