Western Copper & Gold Corp (NYSE:WRN) Receives $4.00 Consensus Price Target from Brokerages

Shares of Western Copper & Gold Corp (NYSE:WRN) have received a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.00.

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

Western Copper & Gold Stock Down 1.6%

Shares of WRN opened at $1.25 on Thursday. The stock has a market cap of $250.94 million, a price-to-earnings ratio of -62.50 and a beta of 1.17. The company has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $1.13. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WRN. Raymond James Financial Inc. bought a new position in shares of Western Copper & Gold during the fourth quarter valued at about $45,000. Virtu Financial LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter worth about $64,000. Russell Investments Group Ltd. increased its stake in shares of Western Copper & Gold by 12.4% in the fourth quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock worth $634,000 after purchasing an additional 66,551 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter worth about $2,607,000. Finally, Lido Advisors LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter worth about $578,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

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.