Western Copper & Gold Corp (NYSE:WRN) Given Average Rating of “Buy” by Brokerages

Shares of Western Copper & Gold Corp (NYSE:WRN) have received an average rating of “Buy” from the five research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.25.

A number of analysts have weighed in on WRN shares. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, February 4th. Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Finally, HC Wainwright restated a “buy” rating and set a $4.25 price objective on shares of Western Copper & Gold in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WRN. Raymond James Financial Inc. purchased a new stake in Western Copper & Gold during the fourth quarter valued at about $45,000. Advisory Alpha LLC acquired a new stake in shares of Western Copper & Gold during the fourth quarter valued at approximately $48,000. Virtu Financial LLC purchased a new stake in shares of Western Copper & Gold in the 4th quarter valued at approximately $64,000. Millstone Evans Group LLC acquired a new position in Western Copper & Gold in the 4th quarter worth approximately $303,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of Western Copper & Gold in the fourth quarter worth $316,000. Institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Price Performance

NYSE:WRN opened at $1.15 on Friday. The firm has a 50-day moving average of $1.05 and a two-hundred day moving average of $1.11. The stock has a market cap of $228.19 million, a P/E ratio of -57.50 and a beta of 1.77. Western Copper & Gold has a 1-year low of $0.98 and a 1-year high of $1.66.

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.