Western Copper & Gold Corp (NYSE:WRN) Receives $4.25 Average Target Price from Analysts

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned an average rating of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.25.

WRN has been the subject of a number of analyst reports. BMO Capital Markets began coverage on Western Copper & Gold in a research note on Thursday, January 23rd. They set an “outperform” rating for the company. HC Wainwright reissued a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research report on Friday. Cormark raised shares of Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Alpha LLC bought a new stake in shares of Western Copper & Gold during the 4th quarter worth $48,000. Euro Pacific Asset Management LLC raised its position in Western Copper & Gold by 57.4% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock worth $1,149,000 after acquiring an additional 398,974 shares during the period. Raymond James Financial Inc. purchased a new position in Western Copper & Gold in the fourth quarter valued at about $45,000. Millstone Evans Group LLC purchased a new position in Western Copper & Gold in the fourth quarter valued at about $303,000. Finally, Virtu Financial LLC bought a new position in shares of Western Copper & Gold during the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Price Performance

NYSE:WRN opened at $1.13 on Tuesday. Western Copper & Gold has a one year low of $0.90 and a one year high of $1.66. The company has a market cap of $226.00 million, a PE ratio of -56.50 and a beta of 1.62. The firm has a 50-day moving average of $1.07 and a 200-day moving average of $1.09.

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.