Cormark Cuts Earnings Estimates for Western Copper & Gold

Western Copper & Gold Corp (NYSE:WRN) – Stock analysts at Cormark decreased their FY2025 EPS estimates for shares of Western Copper & Gold in a report released on Tuesday, June 17th. Cormark analyst S. Ioannou now anticipates that the company will earn ($0.04) per share for the year, down from their prior forecast of ($0.02). The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share. Cormark also issued estimates for Western Copper & Gold’s FY2026 earnings at ($0.04) EPS.

Several other analysts have also recently commented on WRN. Stifel Canada upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Western Copper & Gold to a “sell” rating in a research note on Wednesday, March 26th. Finally, HC Wainwright set a $4.00 target price on shares of Western Copper & Gold and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Western Copper & Gold currently has an average rating of “Buy” and a consensus price target of $4.00.

Western Copper & Gold Stock Performance

WRN stock opened at $1.34 on Thursday. Western Copper & Gold has a one year low of $0.90 and a one year high of $1.42. The stock has a market capitalization of $268.01 million, a PE ratio of -67.00 and a beta of 1.16. The company has a fifty day moving average of $1.17 and a 200-day moving average of $1.10.

Hedge Funds Weigh In On Western Copper & Gold

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Western Copper & Gold during the 4th quarter valued at about $45,000. Virtu Financial LLC purchased a new position in Western Copper & Gold during the 4th quarter valued at about $64,000. SBI Securities Co. Ltd. increased its holdings in Western Copper & Gold by 255.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company’s stock valued at $85,000 after acquiring an additional 53,570 shares in the last quarter. Sweeney & Michel LLC purchased a new position in Western Copper & Gold during the 1st quarter valued at about $87,000. Finally, Millstone Evans Group LLC purchased a new position in Western Copper & Gold during the 4th quarter valued at about $303,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

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.