Raymond James Financial Inc. Takes Position in Western Copper & Gold Corp (NYSE:WRN)

Raymond James Financial Inc. bought a new position in Western Copper & Gold Corp (NYSE:WRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 43,253 shares of the company’s stock, valued at approximately $45,000.

Separately, Euro Pacific Asset Management LLC lifted its holdings in Western Copper & Gold by 57.4% in the 4th quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock worth $1,149,000 after buying an additional 398,974 shares during the period. 21.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cormark raised Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating on the stock. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a research report on Wednesday, March 26th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Stock Up 6.9 %

NYSE WRN opened at $1.08 on Monday. The firm has a market capitalization of $216 million, a PE ratio of -54.00 and a beta of 1.62. The stock’s 50 day moving average is $1.06 and its 200 day moving average is $1.10. Western Copper & Gold Corp has a twelve month low of $0.90 and a twelve month high of $1.66.

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.