Analysts Set Western Copper & Gold Corp (NYSE:WRN) Price Target at $4.00

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.00.

A number of equities research analysts have weighed in on WRN shares. Wall Street Zen upgraded Western Copper & Gold to a “sell” rating in a report on Wednesday, March 26th. HC Wainwright set a $4.00 price objective on Western Copper & Gold and gave the company a “buy” rating in a report on Wednesday, June 18th. Finally, Stifel Canada upgraded Western Copper & Gold to a “strong-buy” rating in a report on Tuesday, June 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Western Copper & Gold during the 4th quarter valued at $45,000. Virtu Financial LLC purchased a new position in shares of Western Copper & Gold during the 4th quarter valued at $64,000. SBI Securities Co. Ltd. lifted its position in shares of Western Copper & Gold by 255.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company’s stock valued at $85,000 after buying an additional 53,570 shares during the last quarter. Sweeney & Michel LLC purchased a new position in shares of Western Copper & Gold during the 1st quarter valued at $87,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Western Copper & Gold during the 4th quarter valued at $303,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Stock Performance

Shares of WRN stock opened at $1.23 on Friday. The company has a market cap of $246.01 million, a P/E ratio of -61.50 and a beta of 1.16. The stock has a 50 day simple moving average of $1.19 and a two-hundred day simple moving average of $1.10. Western Copper & Gold has a fifty-two week low of $0.90 and a fifty-two week high of $1.42.

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.