Russell Investments Group Ltd. Boosts Stake in Western Copper & Gold Corp (NYSE:WRN)

Russell Investments Group Ltd. grew its holdings in Western Copper & Gold Corp (NYSE:WRN) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 604,143 shares of the company’s stock after purchasing an additional 66,551 shares during the period. Russell Investments Group Ltd. owned approximately 0.30% of Western Copper & Gold worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Euro Pacific Asset Management LLC raised its stake in shares of 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 valued at $1,149,000 after acquiring an additional 398,974 shares during the period. Millstone Evans Group LLC purchased a new stake in Western Copper & Gold in the fourth quarter valued at approximately $303,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the fourth quarter worth $64,000. Advisory Alpha LLC purchased a new position in shares of Western Copper & Gold during the fourth quarter worth $48,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Western Copper & Gold in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. HC Wainwright restated a “buy” rating and set a $4.25 target price on shares of Western Copper & Gold in a report on Friday, April 11th. BMO Capital Markets started coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They issued an “outperform” rating for the company. Cormark raised Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Western Copper & Gold to a “sell” rating in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Western Copper & Gold has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Trading Down 0.9 %

Shares of NYSE:WRN opened at $1.13 on Wednesday. The company’s 50 day moving average is $1.08 and its two-hundred day moving average is $1.09. The company has a market cap of $226.00 million, a PE ratio of -56.50 and a beta of 1.62. Western Copper & Gold Corp has a 52 week low of $0.90 and a 52 week high of $1.66.

Western Copper & Gold 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.