Western Copper & Gold (NYSE:WRN) Price Target Raised to $4.25 at HC Wainwright

Western Copper & Gold (NYSE:WRN) had its target price boosted by HC Wainwright from $4.00 to $4.25 in a report issued on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Stifel Canada raised Western Copper & Gold to a “strong-buy” rating in a research report on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Up 7.0%

WRN opened at $1.98 on Friday. The firm has a market capitalization of $399.27 million, a P/E ratio of -99.00 and a beta of 1.07. The firm’s 50 day moving average is $1.44 and its 200-day moving average is $1.26. Western Copper & Gold has a 52-week low of $0.90 and a 52-week high of $2.00.

Hedge Funds Weigh In On Western Copper & Gold

Several institutional investors have recently made changes to their positions in WRN. Russell Investments Group Ltd. grew its position in shares of Western Copper & Gold by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company’s stock worth $980,000 after acquiring an additional 255,642 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Western Copper & Gold by 98.0% during the first 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 acquired a new position in Western Copper & Gold during the 2nd quarter worth $271,000. Bank of America Corp DE increased its holdings in shares of 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 valued at $155,000 after purchasing an additional 116,876 shares during the period. Finally, Marex Group plc acquired a new stake in Western Copper & Gold in the second quarter worth about $143,000. 21.96% of the stock is owned by institutional investors.

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.