Analysts Set Western Copper & Gold Corp (NYSE:WRN) Price Target at $4.25

Western Copper & Gold Corp (NYSE:WRN) has earned an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $4.25.

WRN has been the subject of several recent research reports. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Wednesday, March 26th. Cormark raised Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. HC Wainwright reiterated a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research report on Friday, April 11th. Finally, BMO Capital Markets started coverage on Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating for the company.

Institutional Trading of Western Copper & Gold

A number of large investors have recently bought and sold shares of the business. Tidal Investments LLC bought a new stake in shares of Western Copper & Gold during the 4th quarter valued at about $2,607,000. Euro Pacific Asset Management LLC lifted its stake in Western Copper & Gold by 57.4% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock valued at $1,149,000 after buying an additional 398,974 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Western Copper & Gold by 12.4% during the 4th quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock worth $634,000 after buying an additional 66,551 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of Western Copper & Gold during the 4th quarter worth approximately $578,000. Finally, Dauntless Investment Group LLC bought a new stake in shares of Western Copper & Gold in the 4th quarter valued at $316,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Price Performance

Shares of Western Copper & Gold stock opened at $1.10 on Friday. The company’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $1.09. The firm has a market capitalization of $220.00 million, a P/E ratio of -55.00 and a beta of 1.22. Western Copper & Gold has a fifty-two week low of $0.90 and a fifty-two week high of $1.66.

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.