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

Shares of Western Copper & Gold Corp (NYSE:WRN) have received an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $4.00.

A number of analysts recently issued reports on the stock. HC Wainwright set a $4.00 target price on shares of Western Copper & Gold and gave the stock a “buy” rating in a research report on Wednesday, June 18th. Stifel Canada raised shares of Western Copper & Gold to a “strong-buy” rating in a research report on Tuesday, June 10th.

Hedge Funds Weigh In On Western Copper & Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Western Copper & Gold during the 4th quarter valued at approximately $2,607,000. Russell Investments Group Ltd. boosted its stake in shares of Western Copper & Gold by 42.3% during the 1st quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company’s stock valued at $980,000 after buying an additional 255,642 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Western Copper & Gold by 98.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company’s stock valued at $555,000 after buying an additional 241,868 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Western Copper & Gold during the 2nd quarter valued at approximately $271,000. Finally, Bank of America Corp DE lifted its stake in Western Copper & Gold by 1,579.4% during the second quarter. Bank of America Corp DE now owns 124,276 shares of the company’s stock worth $155,000 after purchasing an additional 116,876 shares during the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Price Performance

NYSE WRN opened at $1.51 on Friday. Western Copper & Gold has a 12 month low of $0.90 and a 12 month high of $1.58. The company has a 50-day moving average of $1.31 and a 200-day moving average of $1.20. The company has a market cap of $304.49 million, a P/E ratio of -75.50 and a beta of 1.07.

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.