Western Copper & Gold Corp $WRN Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Western Copper & Gold Corp (NYSE:WRN) by 42.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 859,785 shares of the company’s stock after purchasing an additional 255,642 shares during the period. Russell Investments Group Ltd. owned approximately 0.43% of Western Copper & Gold worth $980,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Western Copper & Gold in the fourth quarter worth approximately $45,000. SBI Securities Co. Ltd. lifted its position in Western Copper & Gold by 255.5% in the first quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company’s stock worth $85,000 after purchasing an additional 53,570 shares during the period. Sweeney & Michel LLC acquired a new stake in Western Copper & Gold in the first quarter worth approximately $87,000. Lido Advisors LLC acquired a new stake in Western Copper & Gold in the fourth quarter worth approximately $578,000. Finally, Tidal Investments LLC acquired a new stake in Western Copper & Gold in the fourth quarter worth approximately $2,607,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WRN. HC Wainwright set a $4.00 target price on Western Copper & Gold and gave the stock a “buy” rating in a research report on Wednesday, June 18th. Stifel Canada upgraded Western Copper & Gold to a “strong-buy” rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, Western Copper & Gold currently has an average rating of “Buy” and a consensus target price of $4.00.

Western Copper & Gold Stock Performance

Shares of NYSE:WRN opened at $1.41 on Friday. Western Copper & Gold Corp has a one year low of $0.90 and a one year high of $1.44. The stock has a fifty day moving average of $1.28 and a 200-day moving average of $1.18. The company has a market capitalization of $282.78 million, a PE ratio of -70.50 and a beta of 1.08.

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.